EUR/USD 1.16004
-0.092%
Gold 4351.46
0.810%
Oil 96.441
-4.065%
USD/JPY 154.073
-0.221%
GBP/USD 1.35088
-0.014%
GBP/JPY 208.139
-0.238%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Russian Ministry of Defense: Russian troops have liberated Zorevka in the Novo-Grishinno and Zaporizhzhia regions of the "Donetsk Peoples Republic".Market news: Iranian president arrives in India.A Russian attack on a gas station in Kyiv, Ukraine, has resulted in one death.September 11th - According to foreign media reports, a spokesperson for the Houthi rebels in Yemen stated, "The Houthi rebels in Yemen will announce a major military operation." Previously, AFP reported that the Houthi rebels had seized control of the Bab el-Mandeb Strait after capturing a strategic location on the Red Sea. The Bab el-Mandeb Strait connects the Red Sea and the Gulf of Aden, and is a vital maritime passage connecting the Indian Ocean, the Suez Canal, and Europe. Approximately 10% of global trade is transported through this waterway.September 11th - According to AFP, the Houthi rebels in Yemen have seized control of the Bab el-Mandeb Strait after capturing a strategic location on the Red Sea. The Bab el-Mandeb Strait connects the Red Sea and the Gulf of Aden, and is a vital maritime passage linking the Indian Ocean, the Suez Canal, and Europe. Approximately 10% of global trade is transported through this waterway. This means that global energy transport is facing pressure from both ends of the Arabian Peninsula. Irans interference with the Strait of Hormuz threatens major export routes from the Persian Gulf, while the Houthi control of the Bab el-Mandeb Strait creates another bottleneck for ships traveling through the Red Sea to the Suez Canal.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

 AUD:JPY.png

 

In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.

Suggestion