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On April 5th, National Public Radio (NPR) reported, citing a U.S. Navy spokesperson, that since the start of the conflict between the U.S., Israel, and Iran, 1,500 U.S. soldiers and their families at a U.S. base in Bahrain have been "relocated back to the United States." The report also mentioned that other U.S. military bases in the Middle East have also evacuated personnel, but specific figures are currently unclear.On April 5, Iranian Parliament Speaker Mohammad al-Kassym-Jomart Ghalibaf posted a photo of plane wreckage on social media, commenting that if the United States were to achieve such a "victory" again, it would be "utterly destroyed." Ghalibaf wrote, "If the United States achieves three more such victories, it will be utterly destroyed." Iranian media outlets, including the Iranian Students News Agency, had previously published the same photo, claiming it showed the wreckage of a US military aircraft involved in a rescue operation. Some Iranian media outlets suggested that Ghalibafs post was intended to mock US President Trumps claim of an "imagined victory."Iranian Foreign Minister: (To Pakistani Foreign Minister) Iran thanks Pakistan for its assistance and is determined to use all its capabilities to defend itself.On April 5th, the official account of Zhang Xues Motorcycle issued a statement: Recently, user accounts claiming to be "Zhang Xues Motorcycle" and other accounts posting videos from Zhang Xues first-person perspective have appeared on the Xiaohongshu platform. Our company solemnly declares the following: Zhang Xue herself has not opened a personal account on the Xiaohongshu platform under the name "Zhang Xues Motorcycle." All accounts claiming to be "Zhang Xues Motorcycle" are fake accounts; other accounts posting videos from Zhang Xues first-person perspective are also reposting content and have nothing to do with Zhang Xue or our company. We have reported the aforementioned fake accounts. If you have any questions, please refer to the information released by our official accounts (all blue-V verified accounts on all platforms).The Bahrain Defense Forces said it has intercepted 466 drones and 188 missiles from Iran since the start of the war.

As fears of a US economic slowdown mount, the USD/JPY exchange rate attempts to push auctions below 132.00

Alina Haynes

Jan 09, 2023 14:46

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During the opening minutes of the Asian session, the USD/JPY pair breached the immediate support level of 132.0. Given the severe volatility of the US Dollar Index, it is anticipated that the major will modify its auction profile below 132.00. (DXY). As Japanese markets are closed on Monday in observance of Coming of Age Day, the USD/JPY exchange rate may decline.

 

As the S&P500 futures have prolonged their upward gallop in early Monday trade, the market players' appetite for risk has increased. In addition, the US Dollar Index (DXY) is feeling more offers after President Evans' speech at the Chicago Federal Reserve that was less forceful (Fed). The USD Index has extended its decline to approximately 103.35 and is projected to reach a six-month low of 103.00.

 

Evans, president of the Chicago Fed, was quoted in the Wall Street Journal (WSJ) as saying, "It was likely that economic data would justify a 25 basis point raise in the policy rate at the Fed's next meeting," according to a Reuters story.

 

Friday, Atlanta Fed bank president Raphael Bostic told Reuters that the Federal Reserve's actions will depend on the status of the economy. In addition, he noted that "The US economy is certainly faltering" due to a significant decrease in housing and interest rate activities. In terms of policy rate forecasts, the Fed policymaker anticipates a terminal rate above 5% and the continuation of policy rate peaks until CY2024.

 

As reported by Reuters, Japanese Prime Minister Fumio Kishida indicated on Sunday that his administration and the Bank of Japan (BoJ) must reevaluate their relationship in guiding economic policy after a new BoJ governor is appointed in April. In a move that would open the stage for an exit from the Bank of Japan's ultra-loose monetary policy, he stated that the government may reconsider its decade-long commitment to combat deflation with the Bank of Japan.


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