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Meta Platforms (META.O): The AI experience for teenagers on Instagram has been updated, inspired by movie ratings for people aged 13 and over, meaning that the AI should not give responses that are inappropriate for the age.April 9th – This afternoon (April 9th), the Ministry of Commerce held a regular press conference to introduce recent key work in the commercial field. The spokesperson stated that China and the EU are important economic and trade partners. For many years, China-EU economic and trade cooperation has had a solid foundation, ample growth momentum, and deeply integrated production and supply chains, forming a virtuous cycle of complementary advantages and mutual benefit. China has always maintained an open attitude towards negotiating bilateral economic and trade arrangements with the EU and welcomes relevant proposals from European leaders. However, in recent years, the EU has used various economic and trade tools to investigate and restrict Chinese companies. China hopes that the EU will listen more to the voices of its member states and European industry, abandon protectionist practices, and work with China to replace building walls with open cooperation, properly handle frictions and differences through dialogue and consultation, and jointly promote the healthy and positive development of China-EU economic and trade relations.April 9 – Foreign Ministry Spokesperson Mao Ning held a regular press conference on April 9. An AFP reporter asked, “Foreign Minister Wang Yi will be visiting North Korea. Could the spokesperson provide further details on the topics he will discuss? Will he raise the issue of resuming Chinese tourism to North Korea?” Mao Ning replied, “Yesterday I introduced the relevant arrangements for Foreign Minister Wang Yi’s visit to North Korea. We will release further information in a timely manner if there are any updates. You can stay tuned. I believe both sides will discuss issues of common concern.”On April 9, Foreign Ministry Spokesperson Mao Ning held a regular press conference. An AFP reporter asked, "The White House stated yesterday that the United States held high-level talks with China over the past few days regarding the Iran war. Can the spokesperson confirm that the talks did take place, and what specific topics were discussed?" The reporter also asked, "Regarding Lebanon, does China believe that Lebanon should also be included in the ceasefire agreement that has been reached?" Mao Ning responded to the reporters first question, "Since the outbreak of the conflict, China has maintained communication with all parties and actively promoted peace and prevented further fighting." Regarding the second question, Mao Ning stated, "We have just explained our position on the situation in Lebanon. We hope that all parties can take the temporary ceasefire arrangement as an opportunity to resolve disputes and end the fighting through political and diplomatic means."April 9th - In the first quarter of 2026, the national railway system transported a total of 1.133 billion passengers, a year-on-year increase of 5.5%; the average daily number of passenger trains operated by the national railway system in the first quarter was 12,072, a year-on-year increase of 7.1%.

The USD/JPY Exchange Rate Drops Below 128.00 Following the Publication of Japan's Unemployment Rate at 2.6 Percent

Drake Hampton

Apr 26, 2022 09:55

The USD/JPY pair has fallen to roughly 127.70 after the Statistics Bureau of Japan published an unemployment rate of 2.6 percent, lower than forecasts and the previous print of 2.7 percent. The asset had a little decline following the release of labor market data. The strengthening of the job market has bolstered the Japanese yen's position against the greenback. Additionally, the Jobs/Applicants ratio came in at 1.22, matching market expectations but slightly higher than the prior print of 1.21 percent.

 

Japan's extraordinarily tight labor market has resulted in a sharp sell-off in the currency. On a broader scale, the Japanese yen is seeing a bullish reversal following a prolonged period of declines due to ultra-loose monetary policy. The Bank of Japan (BOJ) maintains a dovish attitude on liquidity conditions, owing to the fact that the economy has not yet recovered to pre-pandemic levels. While it is true that profit taking is pulling the asset lower, the long-term bullish outlook remains intact.

 

On the dollar front, the US dollar index (DXY) is encountering roadblocks on its way to 102.00. The DXY is facing headwinds from a slightly extended upward, as momentum oscillators on several timeframes have been severely overbought. Increased anticipation of a big rate hike by the Federal Reserve (Fed) in its May monetary policy statement continue to favor the bulls. Meanwhile, US 10-year Treasury yields have fallen below 3% for the first time in three years.

USD/JPY

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