EUR/USD 1.16280
0.023%
Gold 4392.32
-1.433%
Oil 89.771
1.597%
USD/JPY 159.384
-0.081%
GBP/USD 1.34150
-0.091%
GBP/JPY 213.818
-0.165%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 28th, Li Hua, founder of Futu Holdings (03588.HK), responded to investor questions at the companys Q1 2026 results conference, stating that the industry-wide rule adjustments regarding cross-border securities, futures, and fund business for mainland investors issued by regulatory authorities on May 22nd are a unified requirement for the entire industry. The two-year rectification period for mainland clients does not require account closure, but rather restricts deposits and purchases within China. The company will actively embrace regulation and strictly follow the guidelines to steadily advance subsequent compliance work. It is expected that this regulatory rule update will not have a substantial impact on Futus annual customer acquisition target of 800,000. He stated that Futu had previously completely stopped opening accounts for mainland clients and has continuously strengthened account opening reviews, rejecting tens of thousands of non-compliant account opening applications over the past two years. As of the end of Q1 this year, mainland clients with assets accounted for approximately 13%, client assets accounted for approximately 17%, and the corresponding revenue contribution was approximately 20%. The company expects to enter more international markets in the future.The US initial jobless claims data for last week, the revised annualized quarterly rate of real GDP for the first quarter, the monthly rate of durable goods orders in April, the monthly rate of personal spending, the monthly and annual rates of the core PCE price index, and Canadas first quarter current account will be released in ten minutes.On May 28th, Bloomberg revealed preliminary images of Apples new digital assistant, a highly anticipated redesign of Siri, expected to be a key highlight of the next generation of iPhone, iPad, and Mac software updates. The illustrations showcase a refreshed Siri interface, a new chatbot-style application, and other major iOS 27 changes Apple plans to announce at its Worldwide Developers Conference (WWDC) on June 8th. This release is expected to be a key turning point in Apples AI strategy as the company races to catch up with competitors like OpenAI, Google, and Samsung Electronics. Apple has redesigned Siri for iPhone hardware, making it a permanent fixture in the "Skip Island," transforming it into an "always-on" intelligent assistant that helps users efficiently manage tasks across the entire operating system and various applications. The system integrates web data, personal information, and the content currently displayed on the screen to assist users in completing various tasks.A new report released by the World Meteorological Organization on May 28th predicts that global average temperatures are likely to remain at or near record high levels between 2026 and 2030, with Arctic temperatures rising even faster than the global average. The report forecasts that global annual near-surface temperatures between 2026 and 2030 will be 1.3 to 1.9 degrees Celsius higher than the pre-industrial average (1850-1900). One of these five years is very likely (86% probability) to surpass 2024 and become the hottest year on record.May 28th - Minutes from Thursdays meeting revealed that the European Central Banks decision last month to keep interest rates unchanged was a "difficult choice" for some policymakers; given persistently high signs of inflation, they could hardly ignore the energy-related shocks. The ECB minutes stated: "Several members indicated that the decision was difficult; they would not have objected if a rate hike had been on the agenda at this meeting." The ECB also stated: "Since the last meeting, the value of pausing rate hikes to preserve policy options has diminished; meanwhile, the appropriateness of simply adopting a temporary ignore approach to the current situation has become increasingly less relevant."

As BoJ Udea Mentions the Appropriateness of Current Monetary Policy, EUR/JPY Exhibits a V-Shaped Movement

Daniel Rogers

Feb 24, 2023 14:30

 EUR:JPY.png

 

When Kazuo Ueda, the nominee for Governor of the Bank of Japan (BoJ), addresses the Japanese parliament, the EUR/JPY currency pair exhibits a V-shaped movement. The commentary of Haruhiko Kuroda's successor as Governor of the Bank of Japan has increased the volatility of the Japanese Yen.

 

As he describes the current monetary policy as appropriate and necessary to sustain 2% inflation, BoJ Ueda's speech appears more diplomatic. Moreover, he stated that rising import prices are the cause of Japan's rising inflation. Domestic demand is still insufficient, but the central bank is attempting to achieve pre-pandemic growth rates. The neighborhood has descended into lunacy as a result of his speech's absence of Yield conversion control (YCC) discussions.

 

Despite current discussions about the expansion of the YCC, the economic outlook for the Japanese Yen is positive, as the Bank of Japan is working to increase labor costs, which will confidently support a revival in overall demand.

 

Nordea economists continue to be optimistic about the Japanese Yen: "We remain fairly sanguine on JPY due to our expectations of a change in Bank of Japan monetary policy later this year." According to a note from Nordea, the time is ripe for a normalization of the Bank of Japan's stimulative monetary policy, "with inflation reaching its highest level in decades and a prognosis for higher wage growth."

 

Despite the easing of inflationary pressures, investors are concerned that the normalization of the Eurozone economy will take a significant amount of time. In order to maintain a ceiling on the price index, the European Central Bank (ECB) is anticipated to continue raising interest rates.


Suggestion