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On March 28, German Chancellor Merz stated on March 27 that if "regime change" is the goal of the US-Israel military action against Iran, he does not believe that goal can be achieved. Merz expressed his hope for an early end to the conflict, but noted that the US and Israel are "deeper in the game." He questioned whether the US and Israel have a strategy to end the conflict, and if so, whether it can be successfully implemented. Merz said the economic consequences of the Middle East conflict are "very direct," and Germany is one of the sufferers. If a ceasefire agreement is reached, Germany could consider jointly organizing military escorts across the Strait of Hormuz with other parties, but this requires international authorization, approval from the German Bundestag, and a cabinet resolution. However, as long as the conflict continues, this is "not an option" for Germany.March 28th - Since 2026, passenger traffic at Shanghai ports has continued to climb. According to statistics from the Shanghai General Station of Immigration Inspection, as of 9:00 AM on March 28th, the cumulative number of inbound and outbound passengers inspected by Shanghai immigration authorities has exceeded 10 million, representing a year-on-year increase of 2.9%. The flow of people at Shanghai ports is showing a robust "two-way" trend, with approximately 5.055 million outbound passengers and approximately 4.945 million inbound passengers, representing year-on-year increases of 2.6% and 3.3%, respectively.On March 28, the National Bureau of Data Science and Technology (NBD) released its 2026 departmental budget on its official website. The NBD comprises one administrative unit at the bureau level, with six internal departments: General Affairs Department, Policy and Planning Department, Data Resources Department, Digital Economy Department, Digital Technology and Infrastructure Construction Department, and International Data Governance Cooperation Department. It also has one affiliated institution, the National Data Development Research Institute.According to AFP: Thailand and Iran have reached an agreement to allow Thai oil tankers to pass through the Strait of Hormuz.March 28th - At a dialogue event held on the 27th themed "Making Friends Through Business, Connecting Shanghai Globally," it was learned that Shanghai is continuously improving its comprehensive overseas service system and accelerating its transformation into a "starting point" for enterprises going global. This is being achieved through initiatives such as launching a unified citywide service platform and establishing professional service alliances. Currently, private enterprises are playing an increasingly important role in the overseas expansion of Shanghai enterprises. Last year, private enterprises accounted for over 80% of the Chinese investment in all Shanghais outbound investment projects, and their share of the citys total foreign trade import and export volume also exceeded 40% for the first time.

Before the US NFP, the USD/JPY is likely to decrease to roughly 132.00

Alina Haynes

Aug 05, 2022 14:49

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The difficulties that the USD/JPY pair met around 133.00 during the Asian session are now in full force. As investors predict a disappointing result from the US Nonfarm Payrolls (NFP) data, the asset has printed a low of 132.77 and is projected to decrease further to about 132.00.

 

JP Morgan experts projected that the US Nonfarm Payrolls (NFP) will be poorer than expected at 200K in the July labor market statistics, compared to the consensus expectation of 250k jobs gained in the month. The US economy produced 372k new jobs in the labor market in June. The labor market is under great pressure as a result of data showing a continued fall in job creation. The unemployment rate, though, will be constant at 3.6 percent.

 

Increased labor market dangers are a result of rising interest rates and their compounding impacts. Due to pricey dollars, business players are unable to invest without reluctance. Low investment possibilities cannot thus speed the process of creating jobs.

 

Despite the Federal Reserve (Fed) policymakers' enhanced interest rate ambitions, the US dollar index (DXY) has thrown up the support of 106.00. According to Cleveland Fed President Loretta J. Mester, ending the policy tightening program without detecting a decline in the inflation rate for several months is not conceivable at interest rates above 4 percent .

 

Tokyo's entire household expenditure has dramatically climbed from the previous report of -0.5 percent and the predictions of 1.5 percent to 3.5 percent. As an inflation indicator, the economic data may aid the yen bulls. The economic data have greatly improved, which means that the inflation rate may climb much further. The findings may, however, be largely impacted by growing energy expenditures. However, a hike in the labor cost index is shortly to come in order to keep the inflation rate over 2 percent.