EUR/USD 1.16985
-0.116%
Gold 4585.41
-0.256%
Oil 97.431
-0.053%
USD/JPY 159.708
0.059%
GBP/USD 1.34980
-0.144%
GBP/JPY 215.579
-0.077%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
A Malaysian government spokesperson said that the oil and gas company has confirmed that energy supplies are sufficient in May and June, but some fuel shortages are expected afterward.On April 29th, the World Gold Council released its Q1 2026 "Global Gold Demand Trends Report," showing that global physical gold ETFs maintained net inflows in Q1, with global holdings increasing by 62 tons. Asian investors bought a significant 84 tons, while holdings in European and American markets saw a slight decline – net outflows from Western markets in March reversed the strong inflow momentum at the beginning of the year. Affected by high gold prices, global gold jewelry demand declined by 23% year-on-year to 300 tons. Demand for gold jewelry generally cooled in major global markets. However, in terms of spending, gold jewelry demand bucked the trend, indicating that even with historically high gold prices, consumers willingness to buy gold jewelry remains robust.On April 29th, the World Gold Council released its Q1 2026 "Global Gold Demand Trends Report," showing that global gold demand (including OTC transactions) reached 1,231 tons in the first quarter, a 2% year-on-year increase. While the increase in gold volume was moderate, the total value of demand surged to a record $193 billion, a significant 74% year-on-year increase. Strong gold prices and rising safe-haven demand drove a 42% year-on-year increase in global gold bar and coin investment, reaching 474 tons, continuing to drive structural changes in the global gold demand landscape. Chinas demand for gold bars and coins surged 67% year-on-year to 207 tons, a new quarterly high. Demand for gold bars and coins also increased in other Asian markets such as India, South Korea, and Japan. Demand for gold bars and coins in the US and European markets also saw strong growth, increasing by 14% and 50% year-on-year, respectively.On April 29th, RBC Capital Markets stated that it expects the Bank of Canada to keep interest rates unchanged for the fourth consecutive time, with policymakers closely monitoring the impact of rising energy prices on inflation. Overall CPI in April is likely to exceed the 1% to 3% target range for the first time since December 2023. However, interest rate policy cannot influence global oil prices, and its impact on the economy is lagged, meaning the central bank needs to base monetary policy on future inflation levels rather than current inflation. The Bank of Canada is expected to proceed cautiously as long as inflation expectations and broader inflationary pressures (excluding rising energy prices) remain under control. The Bank of Canadas Business Outlook Survey showed a rise in inflation expectations, but signs of further slowing in the March "core" indicators should allow the central bank to maintain policy flexibility in assessing new data and its recent forecasts. First-quarter GDP growth was broadly in line with the January forecast, and recent data suggests a modest recovery in economic momentum. The labor market also shows signs of stabilization, but the unemployment rate remains low, insufficient to indicate that underlying inflationary pressures are intensifying, meaning there is limited urgency for further policy adjustments in the near term.UK Housing Minister Reed: We are not considering rent control.

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