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Venezuelas Defense Minister: The national armed forces have been fully activated to safeguard national sovereignty.Venezuelan Defense Minister: Most of Maduros security team members were killed in the US operation.On January 4th, the Russian Ministry of Defense issued a war report stating that Russian forces had taken control of the Podolsky settlement in Kharkiv Oblast. Over the past day, Russian forces launched attacks on Ukrainian troops in multiple locations including Sumy, Kharkiv, Donetsk, Zaporizhzhia, and Kherson, destroying Ukrainian armored vehicles, counter-battery radar stations, electronic warfare systems, ammunition depots, and shooting down Ukrainian-made guided-missile bombs and drones. On the same day, the General Staff of the Armed Forces of Ukraine issued a battle report stating that 211 battles had taken place in the front-line areas over the past day. Ukrainian forces launched attacks on multiple Russian personnel and equipment concentrations, and initiated or repelled Russian offensives in the directions of Kupyansk and Pokrovsk. Ukrainian forces also destroyed Russian tanks, artillery, air defense systems, and drones.On January 4th, Alexei Pushkov, a member of the Federation Council of Russia, argued that bringing Caracas under US control would mean seizing a huge "trophy" in geostrategic competition. Whether Washington can achieve this without sending troops to Venezuela and occupying the country is a major question. Pushkov stated, "Removing Venezuela from the sphere of anti-American influence and bringing it under direct US control, rather than merely its sphere of influence, means for Washington to seize a huge trophy in global geoeconomic and geostrategic competition… From this perspective, arresting Maduro is only the first step in achieving this goal. The goal itself has not yet been achieved. Whether Trump can achieve this goal without sending troops to Venezuela and occupying the country is a major question."The mayor of Moscow, Russia, said that 25 drones flying towards Moscow have been shot down.

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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