EUR/USD 1.16012
0.041%
Gold 4166.94
0.076%
Oil 58.372
-0.123%
USD/JPY 156.249
-0.124%
GBP/USD 1.32441
0.007%
GBP/JPY 206.941
-0.106%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
November 27th - According to two informed Japanese government officials, the Japanese government plans to increase the issuance of 2-year and 5-year government bonds in a revised version of its fiscal year 2025 bond issuance plan, aiming to raise funds for an economic stimulus package. It is understood that the total amount of government bonds originally planned for issuance in the current fiscal year ending next March (171.8 trillion yen) will increase by approximately 7 trillion yen (approximately US$44.7 billion). Under the revised plan, the issuance amounts for 10-year, 20-year, 30-year, and 40-year government bonds will remain unchanged. The two officials stated that the government expects to increase the issuance of discount treasury bills by approximately 6 trillion yen and may increase the monthly issuance of 2-year and 5-year government bonds by 100 billion yen each starting next January. The revised issuance plan will be submitted to a meeting of government bond market underwriters for discussion on Thursday, and subsequently submitted to a cabinet meeting for deliberation.Sources say Japan may increase the sale of government bond discount notes by about 6 trillion yen in a revised plan.Sources say Japan may increase the issuance of 2-year and 5-year Japanese government bonds starting in January as part of its revised bond issuance plan for fiscal year 2025.According to NBC News: Two senior U.S. law enforcement officials revealed that the suspect in todays National Guard shooting used a handgun in the attack, and his identity has been preliminarily identified as an Afghan man.According to the New York Times, the United States has ordered its diplomats in Europe, Canada, Australia, and New Zealand to pressure governments to restrict most immigration.

AUD/JPY Exceeds 90.30 As RBA Considers Option To Raise Rates Prior To Pause

Daniel Rogers

Apr 18, 2023 14:02

AUD:JPY.png 

 

Following the release of the minutes from the Reserve Bank of Australia (RBA), the AUD/JPY pair surged above the 90.30-point critical resistance level. According to the RBA minutes, policymakers actively considered the decision to raise rates further. However, the decision to maintain the status quo was made after the collection of additional data.

 

Citing the resilience of Australia's financial system, RBA policymakers believed that the Board's future cash rate decisions would depend on the global economy, household spending trends, inflation projections, and employment forecasts.

 

Continue to monitor China's Gross Domestic Product (GDP) statistics. Compared to its stagnant performance in the final quarter of CY2022, the Chinese economy is estimated to have grown by 2.2%. Compared to the previous annual growth rate of 2.9%, the current annual growth rate for the economy is 4.0%. Australia is China's greatest trading partner, and stronger Chinese GDP data would strengthen the Australian Dollar.

 

The announcement of the People's Bank of China (PBOC) interest rate decision later this week will be crucial. Last week, the People's Bank of China pledged to provide additional monetary support to spur retail demand. Despite the reopening of China's economy following a period of economic restraint, the country's inflation rate has been consistently declining over the past few months.

 

According to Jiji news and Reuters, the Bank of Japan is reportedly considering a projection for consumer price growth between 1.6% and 1.9% for the 2025 fiscal year, a move seen as preventing market participants from betting on the central bank's departure from stimulus. This has also delayed the possibility of a shift away from an expansionary monetary policy, which cannot be considered until the Japanese inflation rate persists above 2%.


Suggestion