EUR/USD 1.15709
-0.060%
Gold 4210.65
-0.003%
Oil 82.881
-2.644%
USD/JPY 160.200
0.149%
GBP/USD 1.34105
-0.037%
GBP/JPY 214.841
0.121%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The UKs Maritime Trade Operations Office: An oil tanker was hit by an unidentified object in waters near Oman.On June 13, Iranian media reported that Iranian Judicial Chief Justice Ejai stated at a commemorative event that Iran absolutely distrusts the United States. Ejai said that in recent conflicts, Iranian armed forces dealt a powerful blow to the enemy, preventing their aggression. Regarding the United States, Ejai stated that Iran absolutely distrusts the US, a distrust stemming from facts and past events. Iranian media reported on June 12 that Iran and the United States "may sign a memorandum of understanding in the coming days." However, Iran-US relations remain highly sensitive, with disagreements existing on issues such as nuclear matters and regional security.The Security Service of Ukraine (SBU) reported that a Ukrainian drone attacked the Taman oil and gas terminal in Russias Krasnodar region.On June 13, local time, an alarm at the Tokyo Electric Power Companys Fukushima Daiichi Nuclear Power Plant, used to indicate an anomaly in the transfer of contaminated water, was triggered, automatically halting the discharge of contaminated water into the sea. It is reported that there were no abnormalities in the equipment. TEPCO is currently investigating the cause of the alarm. A similar situation occurred at the Fukushima Daiichi plant on June 10.The Russian Ministry of Defense reported that Russian troops liberated 172 buildings in Konstantinovka, the "Donetsk Peoples Republic," while Ukrainian troops suffered 40 casualties.

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