EUR/USD 1.14275
-0.116%
Gold 4128.00
-0.886%
Oil 69.644
1.562%
USD/JPY 161.828
-0.155%
GBP/USD 1.33907
0.008%
GBP/JPY 216.704
-0.145%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
European Central Bank: Eurozone banks should develop plans to deal with artificial intelligence attacks by October 31.WHO official: The Ebola outbreak is still in the spreading stage.On July 7th, Sinopec Oilfield Service (01033.HK) announced on the Hong Kong Stock Exchange that its wholly-owned subsidiary won the bid for the first section (279 km) of the Heihe-Daqing-Changling natural gas pipeline, a key national "14th Five-Year Plan" energy infrastructure project. The contract value is RMB 1.772 billion, accounting for 2.2% of the companys estimated revenue in 2025. This project is a crucial section of the southern extension of the China-Russia East Route natural gas pipeline, responding to the national deployment to accelerate the construction of oil and gas pipeline networks and ensure energy supply, highlighting the companys rare engineering capabilities in the long-distance pipeline EPC field. It should be noted that the contract has not yet been formally signed, and there is uncertainty regarding its execution.On July 7th, Tencent Holdings (00700.HK) officially launched the iOS version of its AI application generation and inspiration co-creation platform, "Toast." This marks Toasts full coverage of both mobile platforms (iOS and Android). Since its launch in May this year, Toast-generated applications have served nearly 30,000 users, with nearly 50,000 applications created on the platform. It is reported that in August, Toast will fully open its one-stop listing service, commercial component capabilities, and more API capabilities to the developer ecosystem, helping more users and developers with ideas move from "application generation" to "application listing" and continuous operation.July 7th - Duoniu Technology (01961.HK) announced that its board of directors has stated that, as of the date of this announcement, the company and its auditors have not yet reached an agreement on commencing the audit of the Groups consolidated financial statements for the year ended December 31, 2025. Therefore, it is expected that more time will be needed to publish the 2025 annual results. Despite the suspension of trading in the companys shares, the Group continues its business operations as usual. Trading in the companys shares will remain suspended until further notice.

USD/JPY falls to 146.00 as the DXY weakens and interest in BOJ policy rises

Alina Haynes

Oct 27, 2022 15:28

 截屏2022-10-27 上午10.02.34.png

 

During the Asian session, in response to negative signals from the US dollar index, the USD/JPY pair plunged below 146.00. (DXY). Following Wednesday's low of 146.22, the asset's two-day downward trend has extended. The main index is reaching the bottom of Monday's knee-jerk reaction near 145.77 as it continues to decline.

 

The dollar bears are facing a severe sell-off due to the positive market sentiment. The risk-sensitive currencies have benefited from an increase in risk appetite. The US dollar index (DXY) has struck a new monthly low of 109.56 and is anticipated to stay volatile until the release of crucial US economic data.

 

The increased demand for U.S. government bonds has resulted in a decline in yields. This is due to the global markets' increased confidence. The yield on 10-year United States Treasury notes has decreased to 4%.

 

According to estimates, the Gross Domestic Product of the United States expanded by 2.4% in the third quarter. Despite the ultra-hawkish monetary policies of the Federal Reserve (Fed) and the previously disclosed 0.6% fall in growth, forecasts indicate a positive growth rate.

 

In addition, US Durable Goods Orders data will continue to be a key point. Compared to a reduction of 0.2%, it is projected that economic statistics will increase by 0.6%. Notable is the increase in core inflation, which includes oil and food prices. In spite of this, the predicted increase in demand for durable goods in the United States demonstrates healthy household demand.

 

Investors in Tokyo are anticipating the Bank of Japan's (BOJ) interest rate decision on Friday. In view of the shocks to foreign demand, BOJ Governor Haruhiko Kuroda will continue an ultra-loose monetary policy to stimulate the outlook for economic development. In addition, Japanese policymakers are anxious that the inflation rate could go below 2%; hence, an extremely liberal policy is the best alternative.

Suggestion