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On August 28th, the National Development and Reform Commission (NDRC) held a press conference. A spokesperson stated that, as of now, the national electricity load during this years peak summer season has reached four record highs, peaking at 1.557 billion kilowatts, an increase of approximately 50 million kilowatts compared to last years record. NDRC spokesperson Li Chao stated that the NDRC will closely monitor and dynamically track changes in the situation, promptly handle any emergencies, and ensure the successful completion of this years energy supply guarantee task for the peak summer season. Simultaneously, based on previous work, the NDRC will conduct in-depth analysis of this years energy supply and demand situation for the heating season, organize and carry out various preparations early, and solidly carry out all work related to energy supply guarantee for the peak winter season, making every effort to ensure that the people stay warm during the winter.According to the Palestinian Sama News Agency, Israeli Prime Minister Netanyahu has authorized the head of Israels National Security Agency, Ronan Bar, to contact Hamas leaders abroad directly without intermediaries.On August 28th, the National Health Commission released the "Statistical Bulletin on the Development of my countrys Health and Wellness Undertakings in 2025." The bulletin shows that the total amount of health resources continued to grow steadily. At the end of 2025, the total number of medical and health institutions nationwide was 1,108,335, an increase of 14,784 from the previous year, including 38,159 hospitals, a decrease of 551 from the previous year. At the end of 2025, there were 13.455 million health technicians, an increase of 435,000 from the previous year (a growth of 3.3%), including 8.1 million hospital health technicians. In 2025, there were 3.78 licensed (assistant) physicians per 1,000 people, 3.25 licensed physicians per 1,000 people, 4.32 registered nurses per 1,000 people, and 4.91 general practitioners per 10,000 people.Melius Research: Raises target price for MRVL.O (MRVL.O) from $325 to $350.Piper Jaffray: Raises its price target for Workday from $145 to $190.

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.

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