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February 7 – The World Health Organization (WHO) reported on February 6 that Bangladesh had one case of Nipah virus infection, with no other related cases identified. According to a WHO press release that day, the infected person is a woman aged 40 to 50 living in the Rajshahi district of Bangladesh. She developed fever and neurological symptoms on January 21 and was diagnosed with Nipah virus on January 29. Bangladeshi authorities notified the WHO on February 3. The woman had no recent travel history but had consumed raw date juice. Her 35 close contacts tested negative for Nipah virus.February 7th - US President Trump stated on the 6th that the US, Russia, and Ukraine held "very good" talks that day regarding resolving the Russia-Ukraine conflict. Answering reporters questions aboard Air Force One, Trump said, "We had very, very good talks with Russia and Ukraine today. Something might happen." However, he did not elaborate further. It is understood that the issue of Ukrainian territory and security guarantees remains the sticking point in the negotiations. The US and Ukraine recently discussed the possibility of reaching a Russia-Ukraine peace agreement in March, but this is proving very difficult, and the timetable may be delayed.February 7 - According to a report released by Indonesias Meteorology, Climatology and Geophysics Agency, a 5.9-magnitude earthquake struck approximately 118 kilometers northwest of the Tanimbar Islands in Maluku Province, Indonesia, at around 4:20 a.m. local time on February 7. The earthquake had a depth of 100 kilometers. There is no tsunami risk. No casualties have been reported.February 7th - In response to a new round of oil embargoes from the United States, the Cuban government announced it will take emergency measures to prioritize the needs of the people and production. Cuban Deputy Prime Minister and Minister of Foreign Trade and Investment, Pérez Oliva, announced a series of emergency measures aimed at ensuring the smooth operation of essential social services. These measures include: prioritizing fuel for basic public services and key economic activities, postponing non-essential activities; actively restoring fuel supplies, expanding domestic crude oil production, and accelerating the construction and commissioning of green energy projects; implementing fuel rationing and energy-saving measures; concentrating administrative work on Mondays through Thursdays; and ensuring fuel supplies for key sectors such as water supply, food production, healthcare, national defense, disaster warning, and foreign exchange earning industries.February 7th - Today (February 7th), the "South China Sea Regional Ocean-Atmosphere Two-Way Coupled Intelligent Large Model - Flying Fish-1.0," jointly developed by the South China Sea Institute of Oceanology, Chinese Academy of Sciences, and China University of Petroleum (East China), was released. The "Flying Fish-1.0" artificial intelligence large model mines the temporal and spatial variation patterns of the South China Seas ocean and atmosphere from massive amounts of data. Based on these learned patterns, it analyzes and infers the complex and mutually influential dynamic processes between the South China Seas ocean and atmosphere.

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.