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The chart shows that at 23:00 Beijing time on January 16, there will be large foreign exchange options contracts for EUR/USD, USD/JPY, and AUD/USD expiring, including 13 contracts with strike prices exceeding 1 billion. Please manage your risks.On January 16th, Shichuang Energy announced that it expects to achieve a net profit attributable to owners of the parent company of -358 million yuan to -298 million yuan in 2025, a reduction in losses of 291 million yuan to 351 million yuan compared to the same period last year, representing a year-on-year reduction in losses of 44.83% to 54.08%. It also expects to achieve a net profit attributable to owners of the parent company of -388 million yuan to -328 million yuan in 2025, a reduction in losses of 274 million yuan to 334 million yuan compared to the same period last year, representing a year-on-year reduction in losses of 41.40% to 50.46%. While new photovoltaic installations are expected to continue to grow in 2025, the imbalance between supply and demand in the industry remains prominent. During this period of deep industry adjustment, the company has consistently adhered to interdisciplinary integrated R&D and driven development through independent innovation. During the reporting period, sales of photovoltaic cells and equipment increased, leading to increased sales revenue. In addition, based on the principle of prudence, an asset impairment provision was made for the equipment related to 2GWPERC silicon wafers and cells in the same period last year, which had a certain adverse impact on the net profit in the same period last year.On January 16, Rongsheng Development issued a performance forecast, expecting the companys net profit attributable to shareholders of the listed company to be negative in 2025. The companys operating performance in 2025 will show a loss, but the amount of loss is not expected to exceed the unaudited net assets at the end of the previous year. The companys net assets at the end of 2025 are expected to be positive.On January 16, the China Securities Regulatory Commission (CSRC) held its 2026 system-wide work conference. The conference emphasized upholding the principle of strengthening the capital markets domestic market presence and promoting deeper and higher levels of two-way opening up. It stressed expediting the implementation of optimized schemes for qualified foreign investors, expanding the scope of openness for specific futures products, and improving the convenience of cross-border investment and financing. The conference also called for improving regulations and systems for overseas listings, enhancing the standardization and transparency of filing management, strengthening regulatory and risk prevention capabilities in an open environment, and actively participating in international financial governance.On January 16, the China Securities Regulatory Commission (CSRC) held its 2026 system-wide work conference. The conference emphasized the need to continuously improve the standardized operation of listed companies, accelerate the promulgation of regulations governing listed companies, fully implement the newly revised corporate governance guidelines, strengthen constraints on the behavior of controlling shareholders and actual controllers, and improve institutional arrangements such as dividend repurchases, equity incentives, and employee stock ownership. It also stressed the importance of stimulating the vitality of the mergers and acquisitions market, improving the supervision of the entire restructuring chain, and taking multiple measures to promote the high-quality development of listed companies.

USD/JPY reaches 133.00 for the first time in three days, as US Treasury yields provide support

Daniel Rogers

Dec 26, 2022 19:18

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The USD/JPY exchange rate exceeded 132.80 and climbed to 133.15, the highest level since Tuesday. Following the release of numerous economic reports from the United States, US Treasury yields climbed, which weakened the Japanese Yen.

 

The most significant piece of news from the United States was the Core Personal Consumption Expenditure Price Index, which rose 0.2% in November, as predicted, and 4.7% from a year ago, a decline from October's 5%. The Federal Reserve monitors inflation indicators on a regular basis.

 

The decline in durable goods orders was 2.6% worse than predicted. The Michigan Consumer Sentiment Index increased to 59.7 in December, above the original estimate of 59.1. The 5.8% increase in November New Home Sales to 640K exceeded market expectations of 600K.

 

Following the release of all economic data, Wall Street stock prices are plummeting, just as they did on Thursday, when positive economic data caused a selloff. The difference on Friday is that bond yields are reacting with greater vigor, resulting in an increase in the USD/JPY exchange rate.

 

The pair is trading below 133.00 with a bullish intraday bias. The next potential level of resistance above the daily high could be around 133.50. The biggest downside support is the 132.50/60 band, which is the confluence of a horizontal level and a weekly low-drawn uptrend line. A decline in price would change the intraday bias from bullish to neutral or bearish.