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The most active Japanese rubber futures contract rose 2.00% on the day, currently trading at 356.40 yen per kilogram.On January 14th, Wang Jun, Deputy Director of the General Administration of Customs, stated at a press conference held by the State Council Information Office that my countrys goods trade has been continuously optimized and upgraded. Over the past five years, the import and export of high-tech products has grown at an average annual rate of 7.9%, with the year-on-year growth rate further accelerating to 11.4% in 2025, contributing nearly 60% to the overall foreign trade growth. The export scale of the "new three" products—electric vehicles, photovoltaic products, and lithium batteries—is expected to reach nearly 1.3 trillion yuan in 2025, a 3.5-fold increase compared to 2020. New business formats and models are flourishing. According to preliminary statistics from customs, my countrys cross-border e-commerce imports and exports are expected to reach 2.75 trillion yuan in 2025, a 69.7% increase compared to 2020.On January 14th, Wang Jun, Deputy Director of the General Administration of Customs, stated at a press conference held by the State Council Information Office that by 2025, my country will have trade relations with 249 countries and regions worldwide. Among them, 14 countries and regions will have trade exceeding one trillion, 62 exceeding one hundred billion, and 137 exceeding ten billion yuan, representing increases of 2, 6, and 10 respectively compared to 2024. Across the five continents, my countrys imports and exports with at least 60% of the countries and regions on each continent will see growth. Looking at individual economies, by 2025, my countrys top ten trading partners will account for 47.7% of my countrys total foreign trade, a decrease of two percentage points compared to 2024, indicating a slight decrease in concentration and a more balanced distribution.On January 14th, Wang Jun, Deputy Director of the General Administration of Customs, stated at a press conference held by the State Council Information Office that my countrys intermediate goods trade achieved rapid growth in 2025, becoming a major driver of exports and providing strong support for global industrial cooperation. my countrys export markets have become more diversified, with exports to countries participating in the Belt and Road Initiative increasing by 11.2%, contributing 5.4 percentage points to overall export growth. ASEAN has been Chinas largest export market for three consecutive years. Export growth to emerging markets such as Latin America, the Middle East, Central Asia, and Africa all outpaced the overall growth rate. my country continues to provide the world with high-quality, affordable, stable, and reliable products, becoming a "key link" in the global industrial and supply chains. Overall, my countrys exports are characterized by more robust innovation, a stronger foundation for green development, and a brighter commitment to win-win cooperation. "Good Chinese products" are widely popular globally, playing a vital role in ensuring the stability of global production and supply chains, injecting certainty into global economic and trade development, and bringing new opportunities.On January 14th, Wang Jun, Deputy Director of the General Administration of Customs, stated at a press conference held by the State Council Information Office that exports of high-tech products are projected to increase by 13.2% year-on-year by 2025, contributing 2.4 percentage points to my countrys overall export growth. Specifically, exports of specialized equipment, high-end machine tools, and industrial robots increased by 20.6%, 21.5%, and 48.7%, respectively. Notably, exports of industrial robots exceeded imports last year, making my country a net exporter of industrial robots.

While waiting for PBOC and PMIs data, the AUD/JPY pair temporarily retreats to around 94.20

Daniel Rogers

Aug 22, 2022 14:52

 

 

The early Tokyo session saw the AUD/JPY currency pair hit a momentary pause in the rise around 94.20. Since the start of today's trading session, the risk barometer has shown a strong open-drive action, with the asset climbing significantly. The temporary roadblock is expected to go sooner rather than later as investors anticipate a dovish tone from the People's Bank of China (PBOC).

 

Australia is China's largest trading partner, which is worth noting. The antipodes will reap the benefits of the PBOC's easy monetary policy as a result. Enhanced Chinese liquidity will benefit Australia's exports and the country's budget.

 

The Australian bulls held firm last week despite a sharp drop in the country's employment report. The Australian Bureau of Statistics reported a decrease of 40,900 jobs when a gain of 25,000 had been forecasted. However, it was determined that the unemployment rate should be 3.4% rather than 3.5%, thus that number has been adjusted downward.

 

And yet, yen bulls showed no signs of buying despite an increase in the national consumer price index (CPI). When compared to the expected 2.2% and the prior reading of 2.4%, the actual economic data came in at 2.6%, which is an increase. The Bank of Japan (BOJ) may take a wait-and-see approach if inflation continues to run above 2% for an extended period of time.

 

In the future, information from IHS Markit's S&P Purchase Managers Index (PMI) will be crucial. Forecasts call for improvements in both the Manufacturing PMI (57.3) and the Services PMI (54.9) in Australia. A rise to 51.8 and 50.7 in the Manufacturing and Services PMIs for Japan is possible.

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