EUR/USD 1.09423
-0.992%
Gold 3036.33
-2.501%
Oil 62.471
-5.781%
USD/JPY 146.825
0.520%
GBP/USD 1.28724
-1.731%
GBP/JPY 189.004
-1.200%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 6, UBS released a report stating that we believe that European economic growth will also slow, although the slowdown is smaller than that of the United States. If tariffs remain at their current level throughout the summer, economic growth may be 50-100 basis points lower than if the tariffs are lifted. As for inflation, the EUs retaliatory tariffs may lead to rising price pressures in the short term, but we believe that the medium-term impact of the trade war may suppress inflation in Europe. Coupled with weak economic growth, by June, the European Central Bank may cut interest rates to 2% below our previous expectations.Medics have been called to several Kiev districts after Russian missile strikes on the Ukrainian capital, the mayor of Kiev said.April 6th news: At about 5 am local time on the 6th, multiple explosions were heard in the Ukrainian capital of Kiev. The Kiev Military Administration and Kiev Mayor Klitschko said that the air defense system was in operation. The Ukrainian Air Force issued a missile attack danger warning. Earlier, the Ukrainian army said that Russia launched an air strike on Kiev.April 6, ING Bank: The rush to ship gold to the United States will subside after gold is excluded from the new tariffs. The gold sell-off should be short-lived, and escalating trade actions may continue to boost safe-haven buying. So far, Trumps unpredictable trade policy has been one of the key drivers of gold in 2025. We believe that uncertainty over trade and tariffs will continue to boost prices. In addition, another key driver, central bank purchases, may continue.The Ukrainian military said Russia launched an airstrike on Kiev.

AUD/JPY bulls cheer China-inspired optimism; Japan data near 89.50 are mixed

Daniel Rogers

Dec 27, 2022 11:12

 AUD:JPY.png

 

The AUD/JPY pair creeps higher around 89.50 as bulls capitalize on the cautious Christmas market optimism. In doing so, despite the most recent dip, the cross-currency pair extends Friday's gains to hit weekly highs.

 

Nonetheless, the price increase may be linked to the risk-on market mentality, which was mostly driven by China, as well as lowering expectations of hawkish actions by the Bank of Japan (BOJ).

 

As on January 8, China no longer requires inbound travelers to undergo COVID quarantine. In addition to geopolitical concerns from Russia and North Korea, the news contributed to the market's cautious optimism. S&P 500 Futures advance intraday by 0.60 percent to 3,892, while 10-year US Treasury rates remain slow at roughly 3.74% as of press time.

 

After the central bank adjusted monetary policy last week, Governor Haruhiko Kuroda and Prime Minister Fumio Kishida of the Bank of Japan (BOJ) and Prime Minister of Japan (PM) Fumio Kishida, respectively, attempted to calm hawkish expectations. According to Kuroda of the BOJ, however, the broadening of the yield band is not a forerunner to an easy policy exit. In a similar spirit, Japanese Prime Minister Kishida ruled out the BOJ and government amending the central bank statement.

 

In terms of the facts, Japan's Unemployment Rate declined to 3.5% in November compared to the 3.6% predicted previously, while the Jobs / Applicants Ratio for the same month was 1.35 compared to the market prediction of 1.35. In addition, year-over-year growth in Retail Trade fell to 2.6% from 2.8% anticipated and 4.0% earlier.

 

A quiet schedule ahead of Saturday's official China PMIs and year-end market inaction will restrict AUD/JPY movement moving forward.


Suggestion