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On August 22, a Ukrainian drone struck an Ozon logistics hub in Chapayevsk, Samara Oblast, causing a fire that engulfed the approximately 135,000-square-meter facility. Ozon confirmed the attack and suspended operations indefinitely, removing affected products from its platform. That same night, a drone also struck a nearby oil refinery in Novokuibyshevsk. This marks the first successful attack on the Ozon network by Ukraine in weeks after attacks on rival Wildberries warehouses. Ukrainian authorities have characterized both e-commerce platforms as dual-use logistics systems supporting the Russian military.Iranian Parliament Speaker Ghalibaf: Iran has received information from neighboring countries regarding the establishment of "new security arrangements and economic cooperation".August 22nd - According to Shenzhen Release, in the past hour, heavy rainfall has occurred in Longgang District (Pinghu, Longcheng, Henggang, Yuanshan Subdistricts) and Longhua District (Guanhu, Fucheng, Guanlan Subdistricts). It is expected that another 20-40 mm of rainfall will occur in the next 1-2 hours. At 17:52 on August 22nd, 2026, the Shenzhen Meteorological Observatory issued an orange rainstorm warning signal for the aforementioned areas. The entire city has entered a state of rainstorm preparedness. Please stay away from low-lying and flood-prone areas. The aforementioned areas have a high risk of flash floods; please be aware of the potential for localized flooding, flash floods, landslides, and mudslides caused by the rainstorm.August 22 - The Ministry of Water Resources announced on the 22nd that it has activated a Level IV emergency response for flood prevention in Guangdong, Guangxi, and Hainan. Affected by Typhoon Zitan (No. 19), heavy to torrential rain is expected in western and southern Guangxi, Guangdong, and Hainan from August 22nd to 24th, with some areas experiencing extremely heavy rainfall. The main stream and tributaries of the Yujiang River in Guangxi, as well as the Qinjiang, Fangchenghe, and Nanliujiang rivers along the southern coast of Guangxi, the Dongjiang, Hanjiang, Rongjiang, and Jianjiang rivers along the coast of Guangdong, and the Nandujiang, Changhuajiang, and Wanquanhe rivers in Hainan will experience rising water levels. Among these, the Zuojiang and Mingjiang rivers, tributaries of the Yujiang River in Guangxi, may experience floods exceeding warning levels, and some small and medium-sized rivers in the rainstorm areas may experience floods exceeding warning levels.On August 22nd, it was reported that long-term government bond yields in major global economies have continued to rise recently, increasing selling pressure in the bond market. However, Chinas bond market and exchange rate have remained relatively stable, with Panda bond issuance reaching a record high for the same period. Data shows that as of August 21st, the cumulative issuance of Panda bonds in 2026 reached 209.975 billion yuan, an increase of over 73% year-on-year. Against the backdrop of sharp fluctuations in the global bond market, the increased investment by international institutions in domestic RMB financing has attracted attention. Industry insiders explained, "We and overseas markets are in completely different economic and monetary cycles. Foreign capital accounts for only about 5%-8% of my countrys bond market, while domestic capital holds absolute pricing power. Coupled with our monetary policy adhering to a self-reliant approach, overseas shocks cannot reverse the overall trend of the domestic bond market." Looking ahead, industry insiders believe that overseas bond yields are likely to remain highly volatile, highlighting the investment value of RMB bonds, and potentially leading to continued foreign investment in the medium to long term. However, it should be noted that rising US Treasury yields have raised the return threshold for global investment funds, which may disrupt the willingness of overseas institutions to increase their holdings of RMB bonds. In addition, the rapid rise in bond yields in developed countries overseas may also constrain the valuation of domestic risky assets.

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.