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As of 09:30 Beijing time, New York gold futures rose 0.50%, New York silver futures rose 0.49%, and New York copper futures rose 0.04%.August 12th - According to the Henan Provincial Emergency Management Department, the Henan Provincial Flood Control and Drought Relief Headquarters activated a Level II emergency response for flood control at 8:00 AM on August 12th. From 8:00 AM on the 12th to 8:00 AM on the 13th, most areas along the Huai River and to the north are expected to experience heavy rain, with some counties (cities, districts) in southern Jiaozuo, central and eastern Xinxiang, eastern Luoyang, Zhengzhou, Kaifeng, central and western Shangqiu, Pingdingshan, Xuchang, Luohe, central and western Zhoukou, northeastern Nanyang, and northern Zhumadian experiencing torrential rain. Locally, southeastern Zhengzhou, southern Kaifeng, central Pingdingshan, northern Xuchang, and western Zhoukou will experience extremely heavy rain (250 to 350 mm in some areas), accompanied by short-duration heavy rainfall (maximum hourly rainfall of 40 to 60 mm, locally 80 mm), and localized thunderstorms with strong winds (level 8 to 10).According to NBC News: U.S. Senator Amy Klobuchar has won the Democratic gubernatorial primary in Minnesota.Associated Press projections indicate that U.S. Representative Tom Tiffany has won the Republican nomination for governor of Wisconsin.The Peoples Bank of China announced that, based on the demand from primary dealers in open market operations, the 7-day reverse repurchase operation volume on August 12, 2026, was zero.

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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