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UN Secretary-General António Guterres strongly condemns Saturdays attack on the UN Interim Force in Lebanon, which resulted in the death of a French peacekeeper and injuries to three others.On April 19th, Iranian Parliament Speaker Mohammad Ghalibaf posted on social media, stating, "In the third war imposed upon us, we have undoubtedly surpassed our past capabilities in offensive strategy and design, a fact already proven on the battlefield." Ghalibaf claimed that Iran shot down approximately 180 drones, a capability it lacked previously. The downing of the F-35 was not accidental, but rather a comprehensive operation at the technological and design levels, from which the enemy has recognized Irans capabilities and direction. He emphasized that Iran is not militarily stronger than the United States, which possesses more resources, equipment, and experience, and Israel, as its proxy, is also very powerful. However, Iran successfully repelled its enemies through asymmetric warfare design and preparation. While the enemy has money and resources, it has repeatedly made mistakes in strategic decision-making and military design. Ghalibaf also criticized the US government for claiming "America First," but in reality prioritizing Israel and making decisions based on false information from Israel.April 19 – Asian Development Bank President Masato Kanda stated that the yen could face further pressure if the market perceives the Bank of Japan as too slow to address inflation risks. Kanda, a former top foreign exchange diplomat for Japan, told reporters Friday evening that investors are buying dollars during periods of global tension, partly because the US is an oil exporter, but even if these positions are unwound, the yen is unlikely to appreciate significantly against the dollar. He said, “The biggest reason is the interest rate differential. With the market particularly focused on potential actions by the Federal Reserve, if many believe the Bank of Japan will lag behind the curve in addressing inflation risks, the yen will be left behind.” Speaking in Washington this week at meetings of the International Monetary Fund and the World Bank Group, Kanda added that investors might also sell yen if they are concerned about Japan’s fiscal sustainability.The China Earthquake Networks Center officially reported that a magnitude 3.4 earthquake occurred at 05:27 on April 19 in Ando County, Nagqu City, Tibet (32.62 degrees north latitude, 90.36 degrees east longitude), with a focal depth of 10 kilometers.U.S. State Department: All parties agreed to facilitate the free movement of humanitarian personnel, assets, and humanitarian convoys.

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%.


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