EUR/USD 1.03932
-0.041%
Gold 2861.07
-0.559%
Oil 69.363
-0.814%
USD/JPY 150.321
0.345%
GBP/USD 1.25933
-0.052%
GBP/JPY 189.307
0.301%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 28, Mixue Group (02097.HK), the parent company of affordable tea drink "Mixue Ice City", will be listed in Hong Kong next Monday (March 3), and there will be dark trading today. Comprehensively considering the three major dark trading venues, Mixue Groups dark trading rose by more than 20%, ranging from 23.4% to 28%, to 250 to 259 yuan. Among them, the dark trading of Phillip had the largest increase, and one lot (100 shares) made a maximum profit of 5,670 yuan on paper. In the Phillip dark trading venue, Mixue Group opened at 278 yuan, and once rose 40.7% during the session, reaching a high of 285 yuan, with a turnover of 600 million yuan, while the dark trading of Futu and Yaocai had turnover of 690 million yuan and 24.11 million yuan respectively. Mixue Group plans to issue 17.06 million shares, with an offer price of 202.5 yuan, raising 3.45 billion yuan, 100 shares per lot, and an entry fee of 20,454.2 yuan per lot.On February 28, Lingge Technology announced that the main financial data for 2024 showed that the company achieved operating income of 214 million yuan, a year-on-year decrease of 19.36%; the net profit attributable to shareholders of the listed company was a loss of 40.0431 million yuan; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was a loss of 44.5898 million yuan.Italys initial monthly CPI rate for February was 0.2%, in line with expectations of 0.20% and the previous value of 0.60%.Italys initial annual CPI rate for February was 1.7%, in line with expectations and the previous value of 1.50%.Italys initial monthly harmonized CPI rate in February was 0.1%, in line with expectations of 0.10%. The previous value was revised from -0.70% to -0.80%.

The USD/JPY recovers the majority of its losses as risk appetite rebounds; BOJ policy talk rises

Daniel Rogers

Oct 24, 2022 16:37

截屏2022-10-24 上午10.21.12.png 

 

The USD/JPY pair has recovered nearly all of its morning losses and is trading near 149.00 in the Tokyo session. Previously, the asset fell to approximately 145.48 as the US dollar index (DXY) became highly volatile. The DXY was dramatically fluctuating between 111.46 and 112.26.

 

S&P500 futures have increased even further since Friday, indicating that market sentiment is unusually positive. The 10-Year US Treasury rate is now 4.21 percent, a reduction from its prior level of 4.25 percent. Last Thursday, the yields on 10-year US Treasury securities reached a 14-year high of roughly 4.34 percent.

 

The second straight knee-jerk reaction in the USD/JPY pair, as reported by Reuters, is symptomatic of a potential intervention by the Bank of Japan (BOJ) in the FX market.

 

According to analysts at the National Australia Bank (NAB) in Sydney, "the BOJ's interference is painfully obvious."

 

Masato, Japan's chief currency diplomat, announced in early Asia that the administration is prepared to defend the yen against speculative currency market movements 24 hours a day, seven days a week. Officials from Japan refused to comment on their intervention in foreign exchange markets, but they promised to take action against disruptive market movements.

 

The Bank of Japan's (BOJ) interest rate announcement on Wednesday will be of fundamental importance moving forward. Weak economic fundamentals coming from external demand shocks will oblige the BOJ to retain its dovish stance on interest rates. Governor of the Bank of Japan Haruhiko Kuroda erred last week when he claimed that Japan's economy is vulnerable to foreign demand shocks, which might cause it to revert to deflation. This proves that policy tightening has never been considered.

Suggestion