EUR/USD 1.18526
-0.986%
Gold 4847.62
-9.836%
Oil 65.488
0.377%
USD/JPY 154.755
1.076%
GBP/USD 1.36826
-0.917%
GBP/JPY 211.750
0.158%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
January 31st - To effectively curb the sources of cybercrime, rectify the cybercrime ecosystem, and enhance the publics sense of security and satisfaction with cybersecurity, the Ministry of Public Security, after thorough research and demonstration, has drafted the "Cybercrime Prevention and Control Law (Draft for Public Comment)," and is now soliciting public opinions. The deadline for feedback is March 2nd, 2026.January 31st - According to Lighthouse Pro, as of 9 PM on January 31st, the total box office for January 2026 reached 1.961 billion yuan, with "Zootopia 2" holding the top spot for the third consecutive month.On January 31, the "Implementation Plan of Beijing Economic-Technological Development Area on Further Accelerating the Construction of a City of Artificial Intelligence (2026-2027)" was released. The Implementation Plan systematically outlines the development goals for the Beijing Economic-Technological Development Areas city of artificial intelligence over the next two years, proposing to accelerate the construction of a city-level engineering experimental platform driven by data and scenarios, and to promote the application of artificial intelligence in various industries and households. The Implementation Plan specifies that by the end of 2027, the focus will be on building no fewer than 10 benchmark intelligent scenario complexes, promoting the application of 100 vertical models, constructing a number of high-quality industry datasets, gathering 1,000 core enterprises in the artificial intelligence industry chain, attracting 10,000 super individuals and independent developers, and significantly enhancing the scale and level of the core industries of the intelligent economy.On January 31st, Seth R. Freeman, Senior Managing Director of GlassRatner Consulting & Capital Group, pointed out that one of the primary tasks of Warsh, the newly nominated Federal Reserve Chair, will be rebuilding credibility in global markets. This is particularly important against the backdrop of strained relations between Trump and Powell over the past few months. Freeman also stated that Warsh is the best candidate, given his long experience in government. However, the best news is that we no longer have to deal with the uncertainty and market turmoil caused by Trumps constant pressure on the Fed Chair, which is good for everyone. Furthermore, he noted that the sharp drop in gold and the even more dramatic decline in silver indicate that the market is facing a stronger dollar and a different environment, especially for silver. Given this nomination, it would be unsurprising if metal prices do not rebound significantly. And given Warshs hawkish leanings, traders heavily invested in precious metals may face losses, especially those with unhedged or short positions. Some traders may find themselves in serious trouble next Monday, at least those who did not take a neutral stance or short precious metals.The U.S. Geological Survey reports a 5.3-magnitude earthquake 110 kilometers south of Akureyri, Iceland.

There was a bearish prognosis for the USD/JPY at the Tokyo open

Alina Haynes

Jul 06, 2022 11:29

截屏2022-07-06 上午9.54.54.png 


The USD/JPY is trading at 135.51, up 0.25 percent, as Tokyo's stock market starts. In a risk-off climate, bears lurk, and lower US rates encourage yen demand..

 

The yield on the U.S. 10-year Treasury decreased by 6 basis points in the early Asian trading session, although it is now attempting to stabilize at 2.818%. With the exception of the US dollar, the Japanese yen outperformed the rest of the major currencies overnight, with the USD/JPY rate rising only 20 basis points to 135.85. For the first time in over three weeks, the US 10-year and two-year yields have crossed. This was one of numerous instances this year. According to some economists, an inversion of the yield curve is a sign of an imminent economic crisis. The margin between the two-year and five-year interest rates was likewise negative on Tuesday.

 

Tuesday was a day of risk aversion, with the dollar rising to its highest level in two years and putting pressure on global markets and commodities. There is a high danger of future economic shocks being amplified by volatility in the cost of energy and raw materials, according to the Bank of England, which made the statement at the beginning Asian trade.

 

As a result of the ongoing COVID testing in Shanghai, analysts have expressed concern about the possibility of more lockdowns in China, which might have a ripple effect on other markets.

 

US stock markets reversed course on Tuesday, after a three-day holiday weekend and big gains on Friday, as investors await economic data expected later this week in Nonfarm Payrolls and ahead of today' monetary policy minutes from the Federal Open Market Committee. The Nikkei began the day with a gap, which suggests that the yen will climb.

 

US Nonfarm Payrolls data is likely to show that employment grew robustly in June, albeit at a slower rate than the nearly 400k jobs gained in March through May.

 

There will also be an examination of the Federal Reserve's June meeting minutes. Due to rising CPI inflation and signs of inflation expectations de-anchoring, the Federal Reserve accelerated the pace of rate-tightening. According to analysts at TD Securities, the Fed's more aggressive reaction function is expected to be revealed in the meeting minutes.

Suggestion