EUR/USD 1.15853
-0.568%
Gold 4458.14
-3.118%
Oil 82.713
-0.301%
USD/JPY 160.075
0.430%
GBP/USD 1.35378
-0.402%
GBP/JPY 216.693
0.027%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 30th - A press conference on the "8.26" mudslide disaster in Gyirong, Tibet, was held today (August 30th) in Gyirong Town. On the morning of August 26th, a mudslide on the Nepalese side caused significant casualties and missing persons at the Gyirong Port in Gyirong County, Shigatse City, Tibet. Analysis indicates that the most prominent risk hindering the disaster response was the landslide dam located above the core area of the border crossing. The dam has already overflowed and is currently in stable condition, with a low probability of a complete collapse.On August 30th, a press conference was held in Gyirong Town, Tibet, regarding the "8.26" mudslide disaster. On the morning of August 26th, a mudslide occurred on the Nepalese side, causing significant casualties and missing persons at the Gyirong Port in Gyirong County, Shigatse City, Tibet. The conference explained that this disaster was caused by glacial instability due to long-term climate warming. The disaster was sudden, with a large peak flow, rapid movement, strong destructive power, and a wide impact area, representing a new and significant characteristic of cryosphere disasters in the Qinghai-Tibet Plateau and surrounding areas. Monitoring revealed that the ice avalanche took only about 6 to 7 minutes from its occurrence to its impact on the Gyirong Port in my country.On August 30, it was learned from a press conference held by the Information Office of the Peoples Government of Tibet Autonomous Region that, through a joint comprehensive search and comparison of clues conducted by multiple departments including foreign affairs, public security, culture and tourism, and emergency response, 261 missing foreign nationals have been identified in the investigation of the Gyirong landslide disaster in Tibet. These individuals come from 23 countries: Kazakhstan (1), Malaysia (3), Nepal (104), India (49), South Africa (4), Ireland (2), Estonia (2), Germany (3), Russia (3), France (2), Finland (1), Netherlands (2), Latvia (33), Lithuania (1), Portugal (1), Ukraine (1), Spain (1), Hungary (1), United Kingdom (15), Canada (6), United States (18), Australia (6), and New Zealand (2). The Chinese side has notified the relevant embassies and consulates in China.According to Icelandic Broadcasting Corporation: Partial results of Icelands referendum on restarting EU accession negotiations show that the "yes" vote is leading by a narrow margin.On August 30th, it was learned from a press conference held by the Information Office of the Peoples Government of Tibet Autonomous Region that the cause of the mudslide disaster in Tibet has been determined. The Cryosphere Emergency Disaster Reduction Team of the Chengdu Institute of Mountain Hazards and Environment, Chinese Academy of Sciences, through analysis of remote sensing monitoring data and on-site feedback data, combined with field surveys and visits, concluded that: at approximately 10:52 AM Beijing time on August 26th, a glacier on the southern slope of Mount Lamtang in Nepal broke off at an altitude of approximately 5200 meters, causing an ice-rock collapse. The debris flow rapidly fell from a high altitude to approximately 4000 meters, eroding the mountain and forming a giant mudslide. After traveling at high speed for approximately 22 kilometers, it reached the Gyirong Port in China at an altitude of approximately 1800 meters, resulting in the razing of approximately 0.7 square kilometers and 27 buildings and related facilities in the area.

US Dollar/JPY Yields May Fall Below 131,000 Ahead of Vice President Joe Biden's SOTU Address

Daniel Rogers

Feb 08, 2023 14:39

 USD:JPY.png

 

At 130.90, the USD/JPY is under pressure, extending yesterday's decline from the highest level in a month. In doing so, the Yen pair tracks the recent decrease in US Treasury bond yields despite a dismal start to Tokyo trading on Wednesday. In recent times, geopolitical concerns have combined contradictory Japan data and Fedspeak to weigh on the market.

 

At the time of publication, rates on 10-year US Treasury notes reversed a three-day increase while retreating from a one-month high of approximately 3.68 percent to 3.67%. The US Dollar Index (DXY) has fallen for the second consecutive day to approximately 103.30. In spite of this, S&P 500 Futures exhibit minor losses, mirroring Wall Street and reflecting a negative sentiment.

 

Japan's trade deficit decreased to -1,225.6B from -1,814.6B expected and -1,537.8B earlier, while the Current Account balance decreased to 33.4B from -1,803.6B and 98.4B.

 

President of the Federal Reserve Bank of Minneapolis Neel Kashkari told CNN, "We may have to maintain higher interest rates for a longer period of time," adding that he does not anticipate a recession. Jerome Powell, chairman of the Federal Reserve, then declared, "Expect 2023 to be a year of large declines in inflation," adding that if data continued to come in better than anticipated, he would certainly boost rates further.

 

Notably, optimism surrounding the Japanese government's wage negotiations with labor leaders in March appears to have fuelled optimism at home. However, China's denial of the Pentagon's request maintains the geopolitical tension at a high level.

 

Traders of the USD/JPY pair should rely on Bank of Japan (BoJ) discussions to target more losses, especially in light of recent hawkish concerns surrounding the Japanese central bank. Today's State of the Union (SOTU) speech by United States Vice President Joe Biden will also be vital to follow. Reuters said prior to the event, "US Vice President Joe Biden will face Republicans who question his legitimacy and a public apprehensive about the country's direction during Tuesday's State of the Union address, which is expected to serve as a blueprint for a 2024 re-election attempt,"


Suggestion