EUR/USD 1.17905
0.049%
Gold 5224.97
-0.064%
Oil 66.175
-0.082%
USD/JPY 154.714
0.032%
GBP/USD 1.34941
0.027%
GBP/JPY 208.777
0.068%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 24, the Liaoning Provincial Peoples Government issued the "Several Policy Measures of Liaoning Province to Promote New and Positive Economic Development," which proposes to provide interest subsidies of 1.5% of the loan principal annualized interest rate for projects such as low-altitude aircraft, key low-altitude equipment and core components, key materials research and development and manufacturing, and operation service capacity building. The maximum annual interest subsidy for a single project is 1 million yuan, and the maximum annual interest subsidy for a single enterprise is 5 million yuan.According to CBS: Trump is unhappy with the limited military options against Iran, and advisors have warned that any strike could be ineffective and could lead to a larger conflict.On February 24th, IBM (IBM.N) shares plunged on Monday after AI startup Anthropic announced that its Claude Code tool could help modernize COBOL, an outdated programming language that primarily runs on IBM computers. IBM (IBM.N) shares fell as much as 13%, marking its biggest single-day drop since March 2020. Data compiled by institutions shows that, as a result, the stock fell 26% in February, on track for its largest monthly decline since at least 1968.February 24th - Supported by strong semiconductor shipments and a vibrant domestic stock market, South Koreas consumer confidence index climbed to its highest level since November in February. Data released by the Bank of Korea showed that the composite consumer confidence index rose to 112.1 in February, the highest level since November last year, and well above the neutral threshold of 100.FedEx (FDX.N) is suing the U.S. government, demanding a full refund of emergency tariffs.

The USD/JPY exchange rate dipped to 138.50 on Japan's employment data

Alina Haynes

Aug 30, 2022 11:52

 截屏2022-08-30 上午10.07.20.png

 

After the release of Japanese labor market data, the USD/JPY has fallen significantly. With today's trading, the asset dropped below the consolidation range it had been making between 138.62 and 138.85. Sharp losses are being seen in the major at 138.27, and if it manages to break through the key support level, we could see even lower prices.

 

The unemployment rate in Japan has been reported by the Japan Statistics Bureau to be 2.6%. Although the revised Jobs-to-Applications ratio of 1.29 is an increase from both earlier estimates and the prior release's 1.27, the difference is not statistically significant. In spite of this, there is no denying that employment data has stayed good, and yen bulls have been successful as a result.

 

US dollar index (DXY) is in a period of adjustment after hitting a 20-year high of 109.40 on Monday. Previous to this, the asset had been held by bulls in response to Federal Reserve (Fed) chief Jerome Powell's hawkish interest rate guidance preference despite a slowdown in US economic activity.

 

Since maintaining price stability is the Fed's primary concern, officials at the Jackson Hole Economic Symposium highlighted that the current interest rate hike cycle will likely continue. Inflation is at 8.5%, which means that households are being hit with the headwind of ever-increasing prices for consistently purchased goods. While a result, American businesses and consumers must remain patient as they await a revival of the economy.

Suggestion