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On April 27, local time, Russian Presidents Press Secretary Peskov said in an interview broadcast by Russian media that many of US President Trumps views on the Ukrainian conflict are basically consistent with Russias position. Peskov said that the work of resolving the Ukrainian issue is still in progress, but it cannot be done in an open way.On April 27, the spokesperson of the State Administration for Market Regulation answered questions from reporters about the Cheung Kong Ports transaction. A reporter asked: According to the Wall Street Journal report on April 16, Cheung Kongs sale of overseas ports will be split into two transactions to continue. What is the comment of the State Administration for Market Regulation? Answer: We pay close attention to the relevant transactions and will review them in accordance with the law. The parties to the transaction shall not circumvent the review in any way, and shall not implement the concentration before approval, otherwise they will bear legal responsibility.On April 27, the Russian Ministry of Defense reported that from 23:00 on April 26 to 4:00 a.m. on April 27, Moscow time, the Russian air defense system shot down and intercepted 5 Ukrainian drones in Bryansk Oblast. On the morning of the 27th, two more Ukrainian drones were shot down in the Crimea region. The Ukrainian Air Force reported on the 27th that from 21:00 on April 26 to the early morning of April 27, local time, the Russian army launched a total of 149 drones at Ukraine. As of 9:00 a.m. on April 27, local time, the Ukrainian army confirmed that 57 drones had been shot down.The Vancouver police in Canada said that they believe this incident was not an act of terrorism. Earlier, someone drove a car into a crowd in Vancouver, Canada, causing many deaths and injuries.According to RIA Novosti: Russian military commanders told Russian President Vladimir Putin that the remnants of Ukrainian troops scattered in Russias Kursk region will soon be eliminated.

A decrease in the EUR/JPY exchange rate is about to occur as recession fears grow. It is now over 138.00

Alina Haynes

Jul 07, 2022 14:43

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The EUR/JPY currency pair is doing poorly during the Tokyo session. The cross is bouncing around a narrow range of 138.26-138.60 after recovering from its low of 137.27 on Wednesday. Generally speaking, bears are in charge of the asset. The pair has fallen during the last week as a result of failing to overcome the 144.00 resistance level, which has been a barrier for four weeks.

 

The chance of a recession in the eurozone has significantly increased as a result of the Bank of England's (BOE) negative assessment of the global economy. The BOE believes that price volatility in raw materials and energy might lead to economic disruptions in the future. The negative outlook of a Western central bank is fundamentally harmful to the FX market. The shocks to the economy would undoubtedly harm the eurozone as well because it forbids the import of Russian oil.

 

Along with fears of a recession, the common currency's bulls are also plagued by disputes over gas supplies between the economies of Europe and the United Kingdom. The British government has said that it would stop exporting gas to Europe if shortages develop there in the upcoming months.

 

The underperformance of the wage-price notion in Tokyo worries the Bank of Japan (BOJ). In order to keep inflation rates close to target levels, according to the BOJ, pay increases are required. If not, families would face greater price pressures, which would result in a decrease in the overall volume of demand.


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