EUR/USD 1.17181
0.305%
Gold 4716.92
0.481%
Oil 93.244
-2.505%
USD/JPY 159.415
-0.194%
GBP/USD 1.35321
0.490%
GBP/JPY 215.732
0.299%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 25th, it was reported that Taichu Yuanqi, a domestic AI chip company, has completed deep and rapid adaptation and collaborative optimization of DeepSeek-V4 based on its self-developed AI accelerator card and SDAA software stack. It is understood that Taichu Yuanqi has conducted deeper operator fusion and communication optimization for the new architectural features of DeepSeek-V4, such as mHC and Muon optimizer. At the same time, it has improved the Teco-VLLM inference engine and SDAA development toolchain, lowering the barrier for users from "trial use" to "mass production".April 25th - The 22nd session of the Standing Committee of the 14th National Peoples Congress will be held in Beijing from April 27th to 30th, where the draft Medical Security Law will be submitted for deliberation. The draft will expand the coverage of maternity insurance and clarify that the maternity insurance fund and the basic medical insurance fund for employees will be merged into a single account.Romanias Ministry of Defense: During Russias nighttime attack on Ukraine, drone debris damaged an outbuilding and a utility pole in the city of Galats.On April 25th, it was reported that on April 24th, 2026, the Peoples Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) held a system-wide warning education meeting and a meeting to promote the study and education on establishing and practicing a correct view of performance. Pan Gongsheng, Secretary of the Party Committee and Governor of the PBOC, delivered a speech and a Party lecture. Pan Gongsheng pointed out that it is necessary to promote the high-quality development of the central banks work. Based on the responsibilities of the PBOC, it is crucial to deeply analyze the performance-related issues behind economic and financial problems, strictly and practically implement the rectification measures following central inspections and audits, continuously address the "involutionary" competition among financial institutions, effectively coordinate the "five major tasks" in the financial sector, actively and steadily promote the resolution of local government financing platform debt and risks of small and medium-sized financial institutions, maintain a high-pressure crackdown on illegal financial activities in related fields, and continuously optimize the central banks management and services for county-level finance.On April 25th, in preparation for King Charles IIIs visit to the United States, the British flag was flown in Washington, D.C., but some residents noticed that many Australian flags were also displayed. A Washington, D.C. official stated that after discovering the error, they quickly replaced the incorrectly displayed Australian flags with British flags, but the cause of the error is still under investigation. A Buckingham Palace spokesperson announced on April 14th that King Charles III would begin a four-day visit to the United States on April 27th.

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