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On February 25, Jingwei Hengrun announced that its total operating revenue in 2024 was 5.541 billion yuan, a year-on-year increase of 18.45%; the net profit attributable to the parent companys owners was a loss of 506 million yuan; the net profit attributable to the parent companys owners after deducting non-recurring gains and losses was a loss of 572 million yuan.Traders increased bets on a 53 basis point rate cut by the Federal Reserve by the end of the year.UNIPER CEO: Current gas price levels make gas storage commercially unattractive.1. Trump: Tariffs will be imposed on Canada and Mexico on time. 2. Deutsche Bank: Month-end capital flows are favorable for the US dollar, and euro selling pressure may intensify. 3. The Bank of Korea cut interest rates by 25 basis points, lowering the interest rate from 3% to 2.75%, in line with market expectations. 4. The final value of German GDP data was consistent with the initial value, confirming that the German economy shrank by 0.2% in the fourth quarter of last year. 5. The Bank of Israel kept its short-term interest rate unchanged at 4.5% for the ninth consecutive meeting on Monday, in line with market expectations. 6. Russian Economy Minister Leshchenkov: The Ministry of Economy agrees with the central banks forecast that inflation will be 7-8% in 2025. 7. Governor of the Bank of Korea: Four members believe that the current policy interest rate may remain unchanged for the next three months; the previous interest rate cut is still being transmitted.ANA Holdings: The company will order at least 30 Boeing aircraft, 27 Airbus aircraft and 20 Embraer aircraft.

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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