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On July 18, Irans Islamic Revolutionary Guard Corps announced that its forces attacked US facilities in Bahrain, destroying a US unmanned surface vessel storage facility and striking an artificial intelligence center used to assist US forces in target acquisition. Iran stated that this action was a response to previous US attacks on Iranian infrastructure, including bridges, and warned that if the US continues to attack Iranian targets, Iran will expand its strikes to target US industrial, technological, and artificial intelligence-related assets in the Middle East.July 18th - According to US media reports on the 17th, the US government has notified Israel that it will send dozens more refueling aircraft to Israel, potentially escalating military operations against Iran. Axios, citing Israeli officials, reported that the US hopes to send dozens more refueling aircraft to Israel in the coming days, restoring the number to the level at the beginning of the US-Israel conflict with Iran in late February. The report stated that the US government has requested Israel to accept the additional refueling aircraft, and Israeli Prime Minister Netanyahu will make the final decision. The US currently has approximately 30 refueling aircraft parked at Ben Gurion International Airport near Tel Aviv, Israel, and a similar number at Ramon Airport in southern Israel. The report suggests that US President Trump appears intent on escalating the conflict to create sufficient disruption to force Iran to open the Strait of Hormuz and accept US demands on the nuclear issue. According to US and Israeli officials, Trump may order an escalation of the situation in the coming days.Lucid Group (LCID.O) rose 32%, marking its biggest single-day gain in nearly a year.This week, the S&P 500 fell 1.55%, the Nasdaq fell 2.9%, and the Dow Jones fell 0.93%.The Dow Jones Industrial Average closed down 406.55 points, or 0.77%, at 52,146.42 on Friday, July 17; the S&P 500 closed down 76.11 points, or 1.01%, at 7,457.66; and the Nasdaq Composite closed down 361.70 points, or 1.40%, at 25,520.24.

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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