EUR/USD 1.13595
-0.066%
Gold 4027.17
-1.211%
Oil 80.204
-1.190%
USD/JPY 163.926
0.117%
GBP/USD 1.32767
-0.083%
GBP/JPY 217.646
0.056%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 28, the General Office of the Shanghai Municipal Peoples Government issued the "Implementation Plan for Shanghais Construction of a Pilot Zone for High-Quality Development of Inland Waterway Transportation in the Yangtze River Delta and the Inland Waterway Transportation System Connectivity Project (2026-2030)". The plan proposes to promote coordinated planning and construction of inter-provincial waterways in the Yangtze River Delta waterway network, remove bottlenecks between provinces, and work with neighboring provinces and cities to improve the waterway capacity of the Hangping-Shen Line and Changhu-Shen Line. It also emphasizes strengthening the citys waterway network construction, optimizing the structure of high-grade waterway networks, and advancing the construction of waterways such as the Su-Shen Inner Port Line (provincial border—Wendong Hub), Youdun Port, and Luowen River, while conducting preliminary research on the Dapu Line waterway. Furthermore, it aims to improve the citys planning layout for access to the Yangtze River and the sea, and strengthen efficient connections between inland waterways and ports along the river and coast.July 28 - According to a report by market research and intelligence firm IIR, Saudi Aramco shut down its Jazan refinery in Saudi Arabia on July 27 following an attack on Saturday. The refinery has a daily crude oil processing capacity of 400,000 barrels. The report indicates that the attack damaged the plants integrated gasification combined cycle (IGCC) system and storage tank area. Saudi Aramco expects to complete repairs and restart the refinery by August 15, tentatively.On July 28, local time, Russian Presidential Press Secretary Dmitry Peskov stated regarding the upcoming meeting between Ukrainian President Volodymyr Zelensky and US President Donald Trump that the US has not yet requested a phone call with Russian President Vladimir Putin. He added that the US has not withdrawn from the Ukrainian issue, and Russia and the US maintain working-level contact on this matter. President Zelensky arrived in the US early that morning. He is scheduled to meet with President Trump later that day.Fitch: Even if the Strait of Hormuz reopens quickly, the macroeconomic conditions in developed Europe will still be affected by the spillover effects of the Iran war.India’s manufacturing output rose 7.8% year-on-year in June.

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