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According to Bahrains national television, Bahrains air defense system intercepted the Iranian attack.On July 19th, the signing ceremony of the "Agreement on the Establishment of the World Artificial Intelligence Cooperation Organization" was held in Shanghai on the 16th. Twenty-nine countries from Asia, Africa, Latin America, and Europe signed the agreement on-site, becoming founding members. According to relevant sources, this marks a significant milestone in Chinas advocacy and promotion of the establishment of the World Artificial Intelligence Cooperation Organization. In the next stage, China will work with the founding members to promote the organizations early launch and operation. The organization will focus on three key areas: First, prioritizing international cooperation in strengthening artificial intelligence capacity building, promoting the accessibility of artificial intelligence technologies and services through policy exchanges, technological cooperation, personnel training, and joint research, continuously releasing the benefits of artificial intelligence, and ensuring that developing countries benefit equally in the new wave of intelligence. Second, based on communication and dialogue, establishing policy consensus, and sharing best practices, effectively leveraging the platform for supply and demand matching, promoting the deep integration and complementarity of national advantages, advancing the "AI+" action in accordance with national conditions, strengthening scientific and technological and industrial cooperation, encouraging the joint construction of an open-source ecosystem, and creating a number of practical and tangible cooperation results. Third, we are committed to firmly upholding the purposes and principles of the UN Charter, supporting the better role of the UN, implementing the Global Digital Compact and the UN Sustainable Development Goals, and promoting the building of a just and equitable global governance system in the field of artificial intelligence.July 19 - According to Irans Tasnim News Agency, Iranian sources stated that the latest satellite images confirm that, in addition to casualties, a fighter jet maintenance hangar was destroyed following Irans attack on a US military base in Jordan. These hangars are where fighter jets undergo pre-flight checks, loading, refueling, technical preparation, and troubleshooting minor malfunctions, playing a direct role in maintaining sortie rates. Even if the fighter jets themselves were not destroyed, damage to this infrastructure would disrupt aircraft preparation and deployment processes and weaken the ability to conduct air combat.On July 19th, according to Shanxi Release, the General Office of the Shanxi Provincial Peoples Government recently issued the "Shanxi Province Service Industry Capacity Expansion and Quality Improvement Action Plan (2026-2030)". The Action Plan proposes that by 2028, producer services will extend towards specialization and the high end of the value chain, forming a number of replicable and scalable typical models of the integration of advanced manufacturing and modern service industries; consumer services will develop in a high-quality, diversified, and convenient manner, cultivating a number of new digital and integrated service formats and scenarios. By 2030, the quality and efficiency of the service industry will significantly improve, service R&D investment and innovation achievements will grow rapidly, a number of leading enterprises in service industry sub-markets will be cultivated, a number of highly competitive service brands will be formed, high value-added service trade exports will continue to increase, and the added value of the provinces service industry will strive to exceed 1.8 trillion yuan, with a high-quality and efficient new service industry system basically formed.On July 19th, Russian Deputy Foreign Minister Rudenko stated in an interview with Russian media on July 18th that Russia is closely monitoring the cooperation between Japanese drone manufacturers and Ukrainian drone developers. He asserted that Ukrainian drones are "killing Russian civilians," and that Japan is providing assistance in this endeavor. Russia views the cooperation between Japan and Ukraine in the drone field as an open act of hostility. Rudenko added that weapons posing a threat to Russia, as well as facilities producing these weapons in Ukraine, are targets for Russian military strikes. He concluded that Japan is "pushing Russian-Japanese relations further into the abyss."

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.