EUR/USD
1.17879
0.019%
Gold
3659.31
0.409%
Oil
63.055
-0.370%
USD/JPY
147.281
-0.477%
GBP/USD
1.35562
0.025%
GBP/JPY
199.664
-0.440%
Real-time News
On September 19th, the Bank of Japan (BoJ) held its benchmark interest rate steady at around 0.5% for the fifth consecutive meeting after a two-day policy meeting that concluded on Friday. The bank previously raised the rate to its current level in January as part of its efforts to normalize monetary policy after a decade of unconventional easing. The release of the BOJs decision was significantly delayed compared to usual due to a split vote. The BOJ voted 7-2 to keep interest rates unchanged, with board members Hajime Takada and Naoki Tamura dissenting. Both agreed that a 25 basis point increase to 0.75% was warranted, as the central bank should move the policy rate slightly closer to its neutral rate as price risks shift more to the upside. The BOJ also announced it would begin selling its holdings of exchange-traded funds (ETFs) and real estate investment trusts (REITs). This unexpectedly hawkish stance sent the yen strengthening by over 50 points in the short term, while Japanese stocks pared gains. The 10-year Japanese government bond continued its decline, pushing its yield higher.On September 19th, Boyaa Interactive (00434.HK) announced in Hong Kong that it had established a strategic partnership with Newfire Technology Holdings Limited in September 2024. The Group will further explore cooperation in the Web3 ecosystem based on a compliance framework with Newfire Technology to jointly explore development opportunities within the Web3 ecosystem. Newfire Technology will provide the Group with a digital asset compliance management program and Web3-related technical solutions. The Groups Board of Directors believes that this strategic partnership will play a significant role in supporting the implementation of the Groups Web3 strategic transformation, and that Newfire Technologys technical expertise and industry resources will further enhance the Groups business development and expansion in the Web3 sector.Japans REIT index gave up some of its gains and was now up 0.15%.Bank of Japan: Sales of ETFs and J-REITs will begin once necessary preparations are completed.Bank of Japan: Plans to sell approximately 330 billion yen of ETFs annually at book value.
