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According to disclosures by the Hong Kong Stock Exchange, Goldman Sachs increased its long position in XPeng Motors (09868.HK) from 4.58% to 5.33% on March 10, 2026.Jefferies raised its price target for ExxonMobil (XOM.N) from $149 to $178.March 16th - We expect the Reserve Bank of Australia (RBA) to raise interest rates by 25 basis points at its meeting on Tuesday, followed by another 25 basis point hike in May. We then expect the RBA to pause rate hikes to assess whether the increase in the cash rate is sufficient to curb inflation risks. We believe the risks to the 4.35% terminal interest rate forecast are skewed to the upside. The Middle East conflict has now moved beyond a short-term geopolitical shock and entered a phase where oil supply shortages may be more prolonged. The most definite and immediate impact of the Middle East conflict on Australia is rising inflation. Demand will also be somewhat damaged by affecting disposable income, but the timing and extent of this impact are uncertain. Given that inflation is above target and the labor market is considered strained, inflation risks are likely more central to the Committee than risks to economic activity. Escalating inflation risks will exacerbate these concerns, thus increasing the urgency to curb inflation expectations.March 16th - According to the Financial Times, restaurants in India have stopped using frying as a cooking method due to the natural gas crisis. The war between the US and Israel against Iran has disrupted global energy supplies, and South Asia, heavily reliant on natural gas from Gulf states, is among the hardest-hit regions. Indian Prime Minister Modi told the Indian people "there is no need to panic," but reports of hoarding, theft, and price gouging are rampant in the worlds most populous country as people rush to buy increasingly scarce liquefied petroleum gas (LPG) cylinders (primarily used for cooking). Pakistani Prime Minister Sharif, in a national address, stated, "If this situation continues to worsen, these prices will certainly get out of control."The Philippine House of Representatives has authorized President Marcos to suspend the fuel tax.

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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