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January 7th - It was learned today that in 2025, my country submitted 505 international standard proposals to ISO and IEC in various fields such as low-carbon energy, biotechnology, artificial intelligence, and industrial networks, a 15.83% increase compared to 2024. During the 14th Five-Year Plan period, my country submitted a total of 1,740 ISO and IEC international standard proposals, a 32.12% increase compared to the 13th Five-Year Plan period. Regarding international standard setting, in 2025, my country led the development and release of 285 ISO and IEC international standards in various fields such as new energy, smart grids, traditional medicine, and brain-computer interfaces, a 26.67% increase compared to 2024. During the 14th Five-Year Plan period, my country led the development and release of a total of 1,183 ISO and IEC international standards, an 88.1% increase compared to the 13th Five-Year Plan period. In terms of compiling foreign language versions of national standards, 441 foreign language versions of national standards were compiled and released in 2025, and four special actions were formulated and implemented for the compilation and release of foreign language versions of national standards for BeiDou navigation, intelligent manufacturing, cybersecurity, and the Belt and Road Initiative. During the 14th Five-Year Plan period, the number of foreign language versions of national standards increased to 2,779, an increase of more than 200% compared with the 13th Five-Year Plan period.Bernstein raised its price target for United Airlines (UAL.O) from $123 to $129.UBS raises its target price for Micron Technology (MU.O) from $300 to $400.On January 7th, Vincent Stamer of Commerzbank stated in a report that after the Eurozones inflation rate averaged slightly above the European Central Banks (ECB) 2% target over the past two years, this years inflation level is likely to reach or slightly fall below that target. He pointed out that the impact of rising energy prices will disappear from year-on-year data, and the inflation rate will further decline due to the base effect. Meanwhile, wage inflation in countries such as France and Italy has also slowed. Stamer believes that, as a result, the core inflation rate of 2.3% in December may also move closer to the 2% target. However, he does not expect the ECB to cut interest rates further, partly because ECB President Christine Lagarde previously stated that the bank would neutralize the base effect.GameStop (GME.N) rose 4% in pre-market trading after the company announced it was awarding CEO Ryan Cohen a long-term performance bonus.

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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