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Sources say Syria has agreed to significantly reduce its oil imports from Russia in order to cooperate with the United States in lifting its designation as a "state sponsor of terrorism."August 4th - Although rainfall across my country has generally weakened recently, heavy rainfall continues in parts of Shaanxi, Hubei, Yunnan, and South China. Scattered showers are expected in eastern Northwest China, western and northern North China, and northern Northeast China, with locally heavy downpours. Additionally, severe convective weather is active in parts of southern Heilongjiang, western Jilin, and northern and western Henan. Floods exceeding warning levels have occurred in the main stream of the Songhua River and some small and medium-sized rivers in Northeast and Southwest China. The flood control situation remains severe and complex. On August 4th, the State Flood Control and Drought Relief Headquarters Office and the Ministry of Emergency Management organized a rolling joint consultation with the China Meteorological Administration, the Ministry of Water Resources, the Ministry of Natural Resources, the Ministry of Industry and Information Technology, the Ministry of Housing and Urban-Rural Development, and the Ministry of Transport to assess the recent trend of heavy rainfall and deploy flood control work in key areas. The State Flood Control and Drought Relief Headquarters and the Ministry of Emergency Management maintain a Level IV emergency response for flood control in Shanxi, Heilongjiang, Yunnan, and Shaanxi.According to Reuters, a senior Iranian source said that the outbound shipping route through the Strait of Hormuz will follow the route between Iran and Oman.Country Garden (02007.HK): In July 2026, the company achieved contracted sales of approximately RMB 2.26 billion attributable to shareholders, with a contracted sales area of approximately 280,000 square meters attributable to shareholders.On August 4th, it was reported that in the first half of 2026, the State Administration for Market Regulation guided local market supervision departments to focus on optimizing random inspections and "comprehensive one-time inspections" to prevent multiple and duplicate inspections, achieving positive results. In the first half of 2026, market supervision departments conducted random inspections of approximately 540,000 enterprises, with joint inspections by various departments accounting for 27%. The "scan-to-enter" system was accelerated, and digital technology was strengthened, resulting in a reduction of over 240,000 on-site visits, a reduction of approximately 62%, significantly improving the efficiency and effectiveness of supervision, achieving minimal disruption, and further reducing the burden on enterprises. The deep integration of joint random inspections by various departments with credit risk classification management was promoted, resulting in a problem detection rate of 36%, significantly enhancing the accuracy and effectiveness of supervision. Inspection results were promptly publicized through the National Enterprise Credit Information Publicity System in accordance with the law. In the first half of 2026, approximately 200,000 enterprises were included in the list of enterprises with abnormal operations due to problems discovered during inspections, continuously strengthening the bottom line of market integrity and significantly enhancing the compliance awareness of business entities.

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

Alina Haynes

Oct 27, 2022 15:28

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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.