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On February 6, the Shanghai Headquarters of the Peoples Bank of China held the 2026 Shanghai Cross-border RMB Business Work Conference. The conference emphasized four key points: First, adhere to the principle of prioritizing the local currency, continuously improve the facilitation of cross-border RMB settlement, facilitate the use of RMB for pricing and settlement in various cross-border trade and investment, and enhance the international currency functions of RMB in pricing, payment, investment and financing, and reserves. Second, adhere to serving the real economy, continuously enrich the supply of cross-border RMB financial products, improve the professionalism and refinement of financial services, better meet the market demands of business entities in transaction settlement, investment and financing, and risk management, and actively contribute to stabilizing foreign trade and investment. Third, adhere to reform and innovation, promote the expansion of the comprehensive reform pilot program for offshore trade and financial services in the Lingang New Area, support high-quality enterprises to participate in the pilot program for upgrading the functions of free trade accounts, and fully release the policy dividends of the pilot program. Fourth, adhere to preventing financial risks.February 6th - Capital Economics Asia economist Shivaan Tandon stated in a report that the Reserve Bank of Indias (RBI) easing cycle may have ended. Tandon wrote that the recent bilateral trade agreement, which significantly reduced tariffs on Indian exports to the US, has moderately improved Indias economic growth prospects, which is likely the main reason the RBI has chosen not to further ease policy. Furthermore, the RBI has also raised its inflation forecast due to recent increases in precious metal prices. Tandon believes that given the improved economic outlook and inflation trending towards the 4% medium-term target, the threshold for restarting interest rate cuts is now very high.Chart: Speculative Sentiment Index on February 6, 2026 (Friday)February 6th Futures News: On February 6th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 131,447 tons, unchanged from the previous trading day; 2. Pulp futures mill warehouse receipts: 15,000 tons, an increase of 4,000 tons from the previous trading day; 3. Offset paper futures warehouse receipts: 0 tons, unchanged from the previous trading day; 4. Offset paper futures mill warehouse receipts: 3,880 tons, unchanged from the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day. The previous trading day saw no change; 6. Petroleum asphalt futures warehouse receipts totaled 13,580 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts totaled 26,490 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts totaled 3,464,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts totaled 23,140 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts totaled 0 tons, unchanged from the previous trading day.The chart shows that at 23:00 Beijing time on February 6, there will be large foreign exchange options contracts for EUR/USD, USD/JPY, etc. There are 3 contracts with strike prices exceeding 1 billion. Please manage your risks.

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

Alina Haynes

Jan 18, 2023 15:03

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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.