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On January 20, Zhenro Properties Holdings Limited announced that the companys actual controller, Ou Zongrong, has been taken compulsory measures in accordance with the law for suspected illegal crimes. At present, Ou Zongrong does not hold any position in the company, including director, supervisor, senior management, etc.January 20th news: In 2024, the 19 provinces and cities that provide counterpart assistance to Xinjiang will focus on areas such as peoples livelihood and arrange nearly 20 billion yuan in assistance funds to Xinjiang.German Geoscience Research Center GFZ: A 5.6-magnitude earthquake occurred in Mindoro Island, Philippines.On January 20, Ouke Technology announced that from January 1, 2024 to December 31, 2024, the estimated operating income is 412 million yuan to 452 million yuan, compared with 332 million yuan in the same period last year, an increase of 24.06% to 36.09% year-on-year. The net profit attributable to shareholders of the listed company is expected to be 25.4756 million yuan to 37.4756 million yuan, compared with 114 million yuan in the same period last year, a year-on-year decrease of 67.11% to 77.64%. The net profit after deducting non-recurring gains and losses is expected to be 9.2115 million yuan to 21.2115 million yuan, compared with 38.5453 million yuan in the same period last year, a year-on-year decrease of 44.97% to 76.10%. Basic earnings per share are expected to be 0.3821 yuan/share to 0.562 yuan/share, compared with 1.71 yuan/share in the same period last year.Dongwei Semiconductor: The company expects to achieve a net profit attributable to the parent companys owners of 32 million to 47 million yuan in 2024, a year-on-year decrease of 66.43% to 77.15%.

As investors await BOJ involvement, the EUR/JPY exchange rate rises toward 143.00

Daniel Rogers

Oct 13, 2022 14:46

截屏2022-10-13 上午10.04.03.png 

 

The EUR/JPY pair is clinging to the nearby 142.60 barrier during the Tokyo session. The asset, which is up for auction between 142.25 and 142.60, is poised for an upward breakout as the risk-off drive begins to wane. The European Central Bank (ECB) President Christine Lagarde's hawkish remark has energized the shared currency's bulls, pushing the cross closer to the significant hurdle of 143.00.

 

The Governing Council is debating Quantitative Tightening (QE), according to an ECB policymaker, who also underlined that the interest rate is the best tool for the current economic environment. It is likely that restrictive policy measures will remain as long as prices in the trading bloc keep rising and show no signs of slowing.

 

The possibility of a second intervention by the Bank of Japan (BOJ) in the currency markets is growing on the Tokyo front. The current value of the yen, according to Japanese authorities, does not accurately reflect economic realities. The USD/JPY pair has significantly beyond the area where the BOJ intervened last month.

 

Hirokazu Matsuno, chief cabinet secretary of Japan, said: "We are actively watching FX movements with a high sense of urgency and will take appropriate measures on excessive FX swings." Despite declining to comment on daily variations in the FX sector. The declaration was made following the USD/JPY pair's multi-year peak at roughly 146.40.