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April 5 - Iranian media reported on Saturday that the Central Command of Irans Hatem Anbyah stated that Iraq will not be subject to any restrictions on passage through the Strait of Hormuz, indicating that Iraq will receive preferential treatment as Tehran strengthens its control over this strategic waterway.On April 5th, air raid sirens sounded in Jerusalem and several other areas in central Israel on the evening of the 4th local time. Multiple interceptor missiles were seen being launched into the sky in Jerusalem, followed by several loud explosions. Israeli authorities stated that the latest round of missile attacks by Iran against the Jerusalem area caused no casualties; this was Irans seventh missile attack that day. The Israeli military stated that one missile landed in an open area, while the remaining missiles were intercepted by the air defense system.On April 5th, the Public Relations Department of the Iranian Islamic Revolutionary Guard Corps (IRGC) issued a statement on April 4th, saying that tribal members in the Iranian mountains shot down two Black Hawk helicopters on April 3rd. The IRGC expressed its gratitude for this action. The statement said that tribal members in Kogyroye-Boyeh-Ahmed province and Bakhtiari region acted independently, effectively striking the two Black Hawk helicopters in remote mountainous areas far from where Iranian armed forces are deployed. The two helicopters were attempting to rescue the pilot of a U.S. F-35 fighter jet that had been shot down earlier.Israels rear command detected Iranian missile attacks targeting Jerusalem and the southern Israeli city of Ashdod.The Israeli military has detected a missile launch from Iran, and its defense system is currently intercepting it.

USD/JPY falls to 146.00 as the DXY weakens and interest in BOJ policy rises

Alina Haynes

Oct 27, 2022 15:28

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During the Asian session, in response to negative signals from the US dollar index, the USD/JPY pair plunged below 146.00. (DXY). Following Wednesday's low of 146.22, the asset's two-day downward trend has extended. The main index is reaching the bottom of Monday's knee-jerk reaction near 145.77 as it continues to decline.

 

The dollar bears are facing a severe sell-off due to the positive market sentiment. The risk-sensitive currencies have benefited from an increase in risk appetite. The US dollar index (DXY) has struck a new monthly low of 109.56 and is anticipated to stay volatile until the release of crucial US economic data.

 

The increased demand for U.S. government bonds has resulted in a decline in yields. This is due to the global markets' increased confidence. The yield on 10-year United States Treasury notes has decreased to 4%.

 

According to estimates, the Gross Domestic Product of the United States expanded by 2.4% in the third quarter. Despite the ultra-hawkish monetary policies of the Federal Reserve (Fed) and the previously disclosed 0.6% fall in growth, forecasts indicate a positive growth rate.

 

In addition, US Durable Goods Orders data will continue to be a key point. Compared to a reduction of 0.2%, it is projected that economic statistics will increase by 0.6%. Notable is the increase in core inflation, which includes oil and food prices. In spite of this, the predicted increase in demand for durable goods in the United States demonstrates healthy household demand.

 

Investors in Tokyo are anticipating the Bank of Japan's (BOJ) interest rate decision on Friday. In view of the shocks to foreign demand, BOJ Governor Haruhiko Kuroda will continue an ultra-loose monetary policy to stimulate the outlook for economic development. In addition, Japanese policymakers are anxious that the inflation rate could go below 2%; hence, an extremely liberal policy is the best alternative.

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