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April 8th - At a policy briefing held today (April 8th) by the Ministry of Emergency Management and the State Fire and Rescue Administration, a relevant official from the State Fire and Rescue Administration introduced that, in response to the long-standing problems of weak fire protection infrastructure and prominent hidden dangers in a large number of old residential areas and commercial self-built houses, the General Office of the State Council recently issued the "Opinions on Strengthening Grassroots Fire Protection Work," which proposes innovative measures: adopting a government-purchased service approach to build shared regional fire control rooms and self-defense and self-rescue forces, promoting new intelligent fire protection products, and including them in government livelihood projects.On April 8th, the State Council Taiwan Affairs Office held a regular press conference. A reporter asked about the peak season for Taiwanese compatriots returning to their ancestral homes for the Qingming Festival. Spokesperson Zhu Fenglian stated that compatriots on both sides of the Taiwan Strait are one family, and more Taiwanese compatriots are welcome to use the "Mini Three Links" route to visit their roots, pay respects to their ancestors, visit relatives and friends, and engage in exchanges and cooperation on the mainland.Reserve Bank of New Zealand: In the near term, the committee expects higher fuel prices to be passed on to higher transport and food prices.Reserve Bank of New Zealand: However, any significant second-round inflation effect or signs of rising medium-term inflation expectations would require a decisive and timely increase in the official cash rate to re-anchor inflation expectations.On April 8, the Supreme Peoples Court and the Supreme Peoples Procuratorate jointly issued an interpretation on several issues concerning the application of law in handling criminal cases endangering civil aviation flight safety. The interpretation addresses the current situation and prominent problems in the legal punishment of criminal offenses endangering civil aviation flight safety, stipulating how to correctly apply the Criminal Law and accurately grasp criminal policy to ensure that judicial organs at all levels apply the law in accordance with the law and more accurately and effectively combat criminal offenses endangering civil aviation flight safety. According to reports, the judicial interpretation consists of seven articles, clarifying the legal punishment for common civil aviation "disruptive" crimes such as illegally opening aircraft cabin doors and fighting inside aircraft cabins, emphasizing the severe punishment for crimes involving the fabrication and intentional dissemination of false terrorist information related to civil aviation flight safety, and further clarifying the principle of territorial jurisdiction for criminal cases endangering civil aviation flight safety.

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

Alina Haynes

Aug 05, 2022 14:49

截屏2022-08-05 上午9.50.18.png 

 

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.


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