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According to Irans Tasnim News Agency on the 12th, the time, place, and plan for the next round of negotiations between Iran and the United States have not yet been announced.With the US-Iran talks concluded, US Vice President Vance has left Pakistan, and the Iranian delegation will also depart on the 12th.April 12 - According to Iranian sources early this morning, the Iran-US negotiations ended minutes earlier, with no agreement reached due to "US greed and ambition."April 12 - According to a report by Irans Tasnim News Agency citing a journalist, negotiations between Iran and the United States have ended without an agreement, with the United States excessive demands hindering the formation of a common framework and agreement.On April 12, Irans Tasnim News Agency reported that some Western media outlets have begun to make "inaccurate descriptions" of the atmosphere surrounding the Iran-US negotiations in Islamabad, as the United States has failed to achieve its objectives in the talks. The report stated that only the Iranian and US negotiating teams and Pakistani officials were present at the Serena Hotel, and no media were allowed entry. Therefore, reports of "fierce clashes in the meeting room" and "handshakes between members of both sides" are purely media hype by the US to cover up its "repeated failures and weak position" in the negotiations. According to previous reports from Iranian media citing informed sources, the Iran-US negotiations in Islamabad have made no substantial progress since they began due to the USs "exorbitant demands." Some Western media outlets are exaggerating the "positive atmosphere" of the negotiations for the purpose of influencing international energy prices. Although there has been some progress in the expert-level talks, the two sides still have serious differences on several issues, including the Strait of Hormuz.

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

Daniel Rogers

Feb 24, 2023 14:30

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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.


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