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On June 15th, Baidus DuMate platform completed a core engine upgrade. Through continuous optimization of the Harness engine and multiple engineering aspects, the token consumption during task execution was reduced by 75%, and the corresponding user points consumption was also reduced by 75%, while ensuring that the agents intelligent capabilities and task execution performance were not affected. This is the first time that a significant reduction in task consumption has been achieved in a general-purpose intelligent agent product in China through the Harness engine and engineering optimization.Futures News, June 15th - According to foreign media reports, Malaysian palm oil futures fluctuated downwards on Monday, dragged down by weakness in related edible oil markets in Dalian and Chicago, as well as a drop in crude oil prices. Oil prices fell to their lowest level since March on Monday. This followed statements from US President Trump and the Iranian Deputy Foreign Minister that the two sides had reached a preliminary agreement to end the war and were prepared to resume navigation in the Strait of Hormuz. Weak crude oil futures reduced the attractiveness of palm oil as a feedstock for biodiesel. Asian stock markets generally surged on Monday, the US dollar weakened, and oil prices fell sharply, as the preliminary peace agreement between the US and Iran signaled an easing of global inflationary pressures and reduced the need for further interest rate hikes.June 15th - It was learned from the Anhui Provincial Key Laboratory of Quantum Computing Chips that my countrys "OriginWukong" series of independently developed superconducting quantum computers has completed over 1 million global quantum computing tasks, continuously providing stable and reliable independent quantum computing power to users worldwide. "OriginWukong" is equipped with a quantum-resistant (PQC) cryptographic protection system, achieving a synergistic "spear" and "shield" approach to computing power supply and security protection, and initially establishing a quantum computing service system that is both offensive and defensive.On June 15th, Futures News reported that the National Development and Reform Commission and other departments issued a notice on launching a three-year action plan for energy conservation and carbon reduction in key industries. The notice proposes promoting energy conservation and carbon reduction upgrades in key processes and equipment such as blast furnaces and converters; applying advanced technologies such as high-proportion pelletizing in blast furnaces, top-pressure equalization gas recovery, and oxygen-enriched combustion in hot blast stoves; promoting inter-process interface connection technologies such as one-pot molten iron; orderly carrying out the application of technologies such as hydrogen metallurgy; and accelerating the upgrading of energy-consuming equipment such as motors, fans, water pumps, heat pumps, boilers, oxygen generators, air compressors, and transformers. It also calls for implementing upgrades such as waste heat recovery and waste energy power generation, and strengthening the recovery and utilization of by-product gas, waste heat, and waste pressure. Top-loading coke ovens with a carbonization chamber height of less than 6 meters (rammed coke ovens with a height of less than 5.5 meters), pelletizing equipment with a capacity of less than 1.2 million tons/year, blast furnaces with a capacity of less than 1,200 cubic meters, converters with a capacity of less than 100 tons, electric arc furnaces with a capacity of less than 100 tons (50 tons for alloy steel), and old and inefficient self-owned coal-fired units should be upgraded and transformed as soon as possible. Coke ovens should be equipped with high-efficiency dry quenching devices.Market news: Russian airstrikes in Kyiv, Ukraine, have killed two people.

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.