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On May 30th, the State Administration for Market Regulation announced that, in order to adapt to the needs of combating and rectifying pyramid schemes under the new circumstances, protect the legitimate rights and interests of natural persons, legal persons, and unincorporated organizations, and maintain market order and social stability, it has organized the revision of the "Regulations on Prohibiting Pyramid Schemes," resulting in the "Draft Regulations on Prohibiting Pyramid Schemes (Revised Draft for Public Comment)," which is now open for public comment. The public comment period is from May 29th to June 28th, 2026. The draft revisions focus on the following aspects: adding specific content on combating online pyramid schemes; strengthening the working mechanisms and measures for preventing and combating pyramid schemes; and increasing the legal liabilities for pyramid schemes.On May 30, at the invitation of Valentina Matviyenko, Chairwoman of the Federation Council of Russia, and Volodin, Chairman of the State Duma, Zhao Leji, Chairman of the Standing Committee of the National Peoples Congress, paid an official friendly visit to Russia from May 27 to 30. In Moscow, he held separate talks with Matviyenko and Volodin and attended the 11th meeting of the China-Russia Parliamentary Cooperation Committee. Zhao Leji stated that the exchange mechanism between the legislative bodies of China and Russia is increasingly完善 (perfected/improved), playing an important role in optimizing the legal environment for bilateral cooperation and consolidating the public opinion foundation of bilateral relations. Both sides should, based on the functions and responsibilities of their legislative bodies, maintain the good momentum of multi-level and multi-field exchanges, enhance mutual understanding and trust, strengthen exchanges and mutual learning, and better serve the development of the China-Russia comprehensive strategic partnership of coordination for a new era. Exchanges of legislative experience should be conducted in areas such as national security, ecological and environmental protection, artificial intelligence, and foreign-related legal affairs.According to AXIOS, the first Windows PCs equipped with NVIDIA (NVDA.O) chips will be unveiled next week.On May 30th, Xiaomi officially unveiled its end-to-end optimization solution for the inference system of the MiMo-V2.5 series models. According to Xiaomi, the team systematically reconstructed the entire inference stack, from KVCache management, hierarchical caching, and prefix caching to scheduling strategies and the Prefill/Decode link, based on a hybrid architecture of Hybrid SWA+MoE+multimodal. KVCache storage was compressed to approximately 1/7 of comparable solutions, significantly reducing inference costs in long-sequence scenarios—this is the core technological foundation for this price reduction. On May 27th, the MiMo-V2.5 series API underwent a permanent price reduction, with a maximum reduction of 99%, regardless of input length.On May 30, the nations first green computing power full-stack AI platform was officially launched in the Hohhot Area of the Inner Mongolia Pilot Free Trade Zone, filling the gap in the regions one-stop computing power model word element comprehensive service transaction.

GBP/JPY Price Analysis: Rejects 200-Day Moving Average, falls to 161.20s

Alina Haynes

Feb 16, 2023 15:01

After reaching weekly highs of 161.46, GBP/JPY declines below 161.30 during Thursday's Asian-Pacific session. GBP/JPY is bullish until it breaches significant support levels. GBP/JPY is currently trading at 161.27, 0.05 percent below its initial price.

 

The daily chart for GBP/JPY is neutral, although a climb at 161.81 would trigger the 200-day Exponential Moving Average (EMA). Before 162.00, resistance and the 100-day EMA at 161.98 must be broken. Before the daily high of 167.02 on the 20th of December, GBP/JPY would rise to 163.00.

 

The 1-hour chart for GBP/JPY displays a bearish flag with a neutral bias. The Relative Strength Index (RSI) became negative, and the Rate of Change (RoC) indicated a decline in purchasing pressure.

 

GBP/JPY is decreasing. The 50-EMA at 161.04 is the initial demand level to examine. GBP/JPY would fall to 160.72 if it breached the previous level. Once cleared, the GBP/JPY exchange rate would move toward the 100-EMA at 161.49, preceding the 200-EMA. At 159.95.