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July 26th - According to French LCI television news, Trump stated regarding Iran that if we cannot get 100% of what we want from Iran, we will absolutely consider resuming a full-scale war. When asked what he would like to say to European allies, Trump said they are lucky to have a friend like him.Ukrainian President Zelensky: Russian satellite monitoring shows that Moscow is assisting Tehran in its strike operations in the Middle East.The UK Foreign, Commonwealth and Development Office advises against traveling to any area within 10 kilometers of the Saudi border with Yemen; except where necessary, avoid areas between 10 and 80 kilometers from the Saudi border with Yemen.On July 26, local time, US President Trump ordered the US military not to launch new airstrikes against Iran that day, ending nearly two weeks and 13 days of daily strikes. It is understood that Trump had previously approved daily strike plans submitted by the military, but after receiving a new operational plan on the 25th, he did not approve its implementation and instead directly ordered a halt to airstrikes for the day. It is unclear whether this decision is merely a one-day temporary measure or signifies a pause in military operations. Reportedly, hours before Trump ordered the suspension of airstrikes, an Omani delegation arrived in Tehran to negotiate new arrangements for reopening the Strait of Hormuz. Two regional sources familiar with the negotiations stated that progress had been made, and Oman and Iran are expected to reach an agreement by the end of the week, at which time Trump will decide whether to accept the proposed solution.A spokesperson for the Iranian Revolutionary Guard stated: "In 15 days of fighting, we destroyed 11 U.S. fighter jets and helicopters."

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.

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