EUR/USD 1.18848
0.040%
Gold 5070.61
1.202%
Oil 60.177
-0.924%
USD/JPY 154.317
0.069%
GBP/USD 1.36918
0.102%
GBP/JPY 211.293
0.183%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 27th, Micron Technology (MU.O) announced a $24 billion investment over the next decade in Singapore to expand its manufacturing capacity amid a memory chip shortage caused by artificial intelligence. According to a company statement, the Boise, Idaho-based chipmaker will use the funds to build a new NAND flash memory factory. The company said Tuesday that the new investment will create approximately 1,600 jobs, with wafer production expected to begin in the second half of 2028. The new factory will incorporate artificial intelligence and automation. In early 2025, Micron had already announced a $7 billion investment over the next few years to expand its manufacturing scale in Singapore to meet the demand for advanced memory chips needed to train artificial intelligence.On January 27th, UOB Kay Hian issued a research report stating that China Merchants Bank (03968.HK) is expected to see a 1.2% year-on-year increase in net profit to RMB 150.2 billion in 2025, exceeding both the banks and market forecasts. This is mainly due to improved net interest income and a continued narrowing of the year-on-year decline in non-net interest income. China Merchants Bank expects its revenue to remain stable year-on-year last year; ROE is expected to fall by 105 basis points to 13.4%. The report mentions that China Merchants Banks provision coverage ratio has plummeted to below 400%, possibly due to stricter bad debt recognition standards and accelerated disposal of non-performing assets. Despite this, China Merchants Banks provision coverage ratio remains above its peers. The bank maintains its "Hold" rating on China Merchants Bank but lowers its target price from HKD 52 to HKD 49 to reflect the latest earnings revisions and lower long-term ROE forecasts. The bank raised its 2025 earnings forecast for China Merchants Bank by 1%, but lowered its 2026 and 2027 forecasts by 2.9% and 1.1%, respectively.Samsung Electronics shares rose 3%.January 27 - Today, senior executives of CITIC Group spoke at the Asian Financial Forum, stating that the group will actively participate in the construction of the entire industry chain of the Hong Kong gold market.On January 27th, at the "Star Computing & Intelligent Connectivity" Space Computing Power Seminar organized by the China Academy of Information and Communications Technology (CAICT), Wang Yabo, Executive Vice President of Guoxing Aerospace, revealed that in November 2025, Guoxing Aerospace will deploy the Qwen3 large-scale model to the "Star Computing" Project 01 Space Computing Center. This is the worlds first time that a general-purpose large-scale model has been transferred from the ground to an in-orbit satellite, achieving in-orbit deployment.

USD/JPY Falls to Roughly 123.50 as US Treasury Yields Decline

Larissa Barlow

Apr 07, 2022 10:09

  • USD/JPY has fallen to around 123.50 as declining US Treasury rates erode the greenback's value versus the yen.

  • After reaching a three-year high of 2.66 percent, the 10-year US Treasury yields attracted bids.

  • The IIMF has argued for a lengthy period of ultra-loose monetary policy for the BOJ.

 

The USD/JPY pair has fallen strongly in the Asian session to about 123.50 after bouncing around a small range of 123.71-123.93 over the previous day. Thursday's trading session is exhibiting a bearish open rejection-reverse pattern. The USD/JPY began at 123.80, climbed higher to 123.93, and then fell rapidly to a low of 123.50 as yen bulls attacked the asset.

 

Market players have offered the asset as a result of the low performance of US Treasury yields on Thursday. The benchmark 10-year US Treasury yields have fallen from 2.66 percent highs, but the 2-year US Treasury yields, which are more sensitive to interest rates, have come under pressure. Bears gained control of Treasury yields as market investors dismissed the hawkish Federal Open Market Committee (FOMC) minutes.

 

Meanwhile, the International Monetary Fund (IMF) study recommends that the Bank of Japan (BOJ) maintain its ultra-loose monetary policy for an extended period of time. Increased commodity prices and a recovery in spending patterns may pressurize the BOJ to lower interest rates, but maintaining a steady dovish approach will benefit the economy. Apart from that, the IMF downgraded Japan's economic growth forecast for 2022 to 2.4 percent from 3.3 percent in January.

USD/JPY

image.png 


Suggestion