EUR/USD 1.17383
-0.257%
Gold 4752.94
-2.090%
Oil 88.144
6.267%
USD/JPY 159.161
0.382%
GBP/USD 1.34812
-0.277%
GBP/JPY 214.573
0.102%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 20, Zheng Shanjie, Secretary of the Party Leadership Group and Director of the National Development and Reform Commission, published an article in the Peoples Daily entitled "Continuously Enhancing National Economic Security Capabilities to Safeguard the New Development Pattern with a New Security Framework." The article states that it is necessary to improve mechanisms for countering sanctions, interference, and "long-arm jurisdiction" to prevent and counter extreme external containment and suppression. It also emphasizes strengthening trade risk prevention and control, improving export control and security review mechanisms, and protecting the rights and interests of foreign investors in accordance with the law. Furthermore, it stresses adhering to the principle of "not going to dangerous areas, not going to chaotic areas, and not investing in dangerous industries," continuously strengthening the protection of overseas interests and risk prevention and control, establishing and improving coordination mechanisms for regional security work, improving the security guarantee system for the Belt and Road Initiative, and effectively safeguarding the safety and legitimate rights and interests of Chinese citizens, organizations, and institutions overseas.Dutch near-month natural gas contracts rose more than 8% to €42.05 per megawatt-hour.SK Hynix: Begins production of SOCAMM2 chips designed specifically for NVIDIA Vera Rubin chips.Jia Yueting: Faraday Future (FF) has secured $45 million in funding from a medium-to-large-sized institutional investor in the United States, and the funds were fully received on the same day.The UKs Rightmove average asking price index for houses fell 0.9% year-on-year in April, compared with a previous reading of -0.20%.

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