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July 7th - According to the Jerusalem Post, US President Trump stated on Monday that US-Iran negotiations are close to reaching an agreement, but if the negotiations fail, the US will "finish the job." He claimed that the US has the capability to destroy all of Irans key infrastructure, including its power grids, power plants, and bridges, "in less than an afternoon," but prefers to resolve the issue through an agreement to avoid impacting Irans 91 million people. He reiterated that Iran must not possess nuclear weapons, and that the US will acquire Irans enriched nuclear materials, emphasizing that the goal is not regime change. Trump also claimed that the US military has destroyed all 159 Iranian ships, all military aircraft, and radar systems. Regarding oil prices, President Trump stated, "Oil prices are currently lower than before the war (in terms of per barrel). The US military secretly escorted oil tankers through the Strait of Hormuz during its blockade, successfully maintaining global crude oil supply and preventing oil prices from soaring to $300 to $350 per barrel."FIFAs Appeals Board has dismissed Belgiums appeal against a one-year ban for Fularin Balogun. The appeal was denied because Belgium was not a party to the proceedings and therefore had no right to appeal the decision.French presidential palace: Macron will call on Syria to play a role in "easing tensions in the Middle East".French presidential palace: Macrons visit to Syria will include discussions on reconstruction.According to Reuters, data shows that U.S. strategic petroleum reserve (SPR) crude oil inventories fell by about 6.2 million barrels last week to 319.5 million barrels, the lowest level since 1983.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

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In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.

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