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The EU has begun drafting a treaty on Montenegros accession to the EU.On April 23, Iranian Foreign Minister Araqchi and Sri Lankan Foreign Minister Herat spoke by phone on Wednesday afternoon. During the call, the Iranian Foreign Minister expressed gratitude to the Sri Lankan government for its efforts in the rescue operation of the crew of the destroyer Dena and for its assistance in repatriating the remains of the heroes who died on the Dena and other Iranian vessels. Describing the crimes committed against Iran by the United States and the Zionist regime, the Iranian Foreign Minister stated that the attack on the Dena was an "unprecedented war crime" committed by the United States, and emphasized that the Iranian nation will never forget this blatant violation of the fundamental principles of international humanitarian law and the 1949 Geneva Conventions. Iran will use all legal and political means to hold the perpetrators and those in charge of this war crime accountable and punish them. The two foreign ministers also discussed strengthening bilateral relations during the call.LOréal: The recovery in the US and Chinese markets continued in the second half of 2025, with performance in both markets exceeding market levels.On April 22, Cambodian Prime Minister Hun Manet met with Foreign Minister Wang Yi and Defense Minister Dong Jun in Phnom Penh, who were attending the first meeting of the China-Cambodia "2+2" Strategic Dialogue Mechanism between the Foreign and Defense Ministers. Wang Yi stated that China is willing to work with Cambodia to steadfastly follow the path of friendship forged by the older generation of leaders of the two countries and to implement the concept of a community with a shared future in all aspects of bilateral relations. Both sides should maintain high-level exchanges, jointly promote the construction of the "Industrial Development Corridor" and the "Fish and Rice Corridor," and help Cambodia enhance its capacity for independent development. Cross-border gambling and fraud endanger the lives and property of the people and must be resolutely cracked down on and completely eradicated. Both sides should firmly support each other in international multilateral affairs, respond to severe external challenges with China-Cambodia strategic cooperation and strategic resilience, and jointly safeguard fairness and justice.On April 22, the first meeting of the "2+2" strategic dialogue mechanism between the foreign and defense ministers of China and Cambodia was held in Phnom Penh. Foreign Minister Wang Yi and Defense Minister Dong Jun co-chaired the meeting with Cambodian Deputy Prime Minister and Minister of Foreign Affairs Prak Sokhonn and Deputy Prime Minister and Minister of National Defense Tea Sihanouk. The two sides exchanged in-depth views on bilateral relations, political and security cooperation, and the international and regional situation, reaching broad consensus. Both sides agreed that, in the face of the current international situation, both sides should maintain strategic clarity and strategic resolve, safeguard political and regime security, support each others core interests, and solidly advance pragmatic cooperation in various fields, continuously adding new dimensions to the China-Cambodia community of shared future; coordinate the promotion of high-quality development and high-level security, and oppose any forces that could undermine the ironclad friendship between China and Cambodia; deepen law enforcement and defense cooperation, jointly crack down on online gambling and telecom fraud, and safeguard their respective cybersecurity; actively cooperate within the framework of the four major global initiatives, support the resolution of regional disputes through dialogue and negotiation, jointly oppose unilateral bullying and power politics, and uphold global free trade and international fairness and justice.

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.