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On August 22, local time, Ibrahim Aziz, chairman of the National Security and Foreign Policy Committee of the Iranian Islamic Parliament, posted on social media on the 21st that the United States has proven it "does not understand the language of diplomacy," and will not voluntarily lift sanctions against Iran, release Iranian assets, or cease its "piracy." Aziz stated that history will prove that the "language of strength" will not only force the United States to take the aforementioned measures, but will also force the US to apologize to the Iranian people and ultimately withdraw from the region.On August 22, the UN Security Council held a second round of indicative votes on August 21 to select the next Secretary-General. Christine Larsen, the Danish Permanent Representative to the UN and the Security Councils rotating president for the month, said after the vote that the results would be communicated to the candidates through their nominating countries. The results of the indicative votes will not be made public.On August 22, local time, the head of the military management department of Dnipropetrovsk Oblast, Ukraine, Ganza, stated that a shopping center in Krivirikh (known as "Krivoirog" in Russia) was attacked by Russian military drones, resulting in 6 deaths and 96 injuries. Earlier that day, the Ukrainian Prosecutor Generals Office reported that around 4:30 PM that day, Russian military drones attacked a shopping center in Krivirikh twice. There has been no response from Russia yet.Sources say that AI cloud company Nscale plans to seek up to $3 billion in funding in its U.S. IPO.According to Al Arabiya TV, Yemeni government forces drones attacked a Houthi military vehicle east of Hazim in Yemens Jawf province.

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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