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Federal Reserve Governor Lisa Cook will speak on monetary policy and the economic outlook in ten minutes.1. U.S. stock indexes closed mixed. The Dow Jones Industrial Average rose 0.53% to 49,501.3 points, the S&P 500 fell 0.51% to 6,882.72 points, and the Nasdaq Composite fell 1.51% to 22,904.58 points. Amgen rose over 8%, and Nike rose over 5%, leading the Dow Jones gains. The Wind U.S. Tech Big Seven Index fell 1.32%, Tesla fell nearly 4%, and Nvidia fell over 3%. The Nasdaq China Golden Dragon Index fell 1.95%, Kingsoft Cloud fell over 7%, and GDS Holdings fell nearly 7%. AMD plunged over 17%, dragging down the Nasdaq. 2. European stock indexes closed mixed. The German DAX fell 0.72% to 24,603.04 points, the French CAC40 rose 1.01% to 8,262.16 points, and the UK FTSE 100 rose 0.85% to 10,402.34 points. French stocks led the gains, boosted by a rebound in the luxury goods sector and the European Central Banks decision to keep interest rates stable; British stocks were lifted by a stronger pound; German stocks fell as difficulties in the auto parts industry and geopolitical concerns dampened investor sentiment. 3. The South Korean KOSPI index closed up 1.57% at 5371.1 points, setting a new record high. Samsung Electronics market capitalization surpassed 1000 trillion won, becoming the first listed company in South Korea to achieve this milestone. The Nikkei 225 index fell 0.78% to 54293.36 points, with semiconductor stocks collectively declining and auto stocks surging. 4. International precious metals futures generally closed higher, with COMEX gold futures rising 1.04% to $4986.40 per ounce and COMEX silver futures rising 5.36% to $87.77 per ounce. 5. The main WTI crude oil contract closed up 1.99% at $64.47 per barrel; the main Brent crude oil contract rose 2.09% to $68.74 per barrel. 6. U.S. Treasury yields were mixed. The 2-year Treasury yield fell 0.61 basis points to 3.555%, the 3-year Treasury yield fell 0.56 basis points to 3.632%, the 5-year Treasury yield fell 0.17 basis points to 3.830%, the 10-year Treasury yield rose 0.8 basis points to 4.274%, and the 30-year Treasury yield rose 2.38 basis points to 4.918%.February 5th - The China Federation of Logistics and Purchasing (CFLP) released its January 2026 China Logistics Industry Prosperity Index today (February 5th), indicating that the logistics business continues to expand. The January China Logistics Industry Prosperity Index was 51.2%, with the total business volume index, new orders index, logistics service price index, fixed asset investment completion index, employment index, and business activity expectation index all above 50%, indicating expansion.Alphabet (GOOG.O) has turned negative again, currently down 2%.Oracle (ORCL.N) issued $25 billion in bonds. In addition, Oracle may sell up to $20 billion in stock from time to time.

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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