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On September 20, 2026, the Ministry of Agriculture and Rural Affairs and the China Meteorological Administration issued a warning for the risk of disasters caused by continuous rain during the autumn harvest. From September 21 to 28, frequent rainfall is expected in southeastern Northwest China, eastern Southwest China, the Jianghan Plain, western Huanghuai Plain, and northern Anhui, posing a high risk of disasters during the autumn harvest. Specifically, from September 23 to 27, northeastern Sichuan, central and northern Chongqing, southeastern Shaanxi, southern Henan, northwestern Hubei, and northwestern Anhui will experience continuous moderate to heavy rain, with some areas experiencing torrential rain and localized extremely heavy rain, further increasing the risk of disasters during the autumn harvest. It is recommended that the above-mentioned areas seize the opportunity during breaks in rainfall to harvest mature crops promptly, and pay attention to ventilation, storage, drying, and storage. In areas with heavy rainfall, timely ditching and drainage should be carried out after the rain to create suitable conditions for agricultural machinery operations.On September 20th, it was reported that on September 15th, Ding Xiangqun, Secretary of the Party Committee and Director of the State Financial Regulatory Commission, met with Du Jiaqi, Chairman of the Board of Directors of AIA Group. The two sides exchanged views on the latest developments in the insurance industry and AIA Groups operations in China.September 20th - The Eighth Session of the Seventh Shenzhen Municipal Peoples Congress convened at the Civic Center on September 20th to elect the Mayor of Shenzhen Municipal Peoples Government. At 10:30 AM, the Congress held its first plenary session, approving the election procedures. At 3:00 PM, the Congress held its second plenary session, electing Li Yun as Mayor of Shenzhen Municipal Peoples Government by secret ballot.September 20th - With the Mid-Autumn Festival and National Day holidays approaching, the airfare market continues to heat up. Monitoring on September 20th revealed that popular long-haul tourist routes and return-home routes saw significant price increases the day before the Mid-Autumn Festival. On October 7th, the lowest price on the platform for a flight from Urumqi to Shanghai reached 3070 yuan, approximately 99% higher than the 1540 yuan price for a flight from Shanghai to Urumqi on September 24th, nearly doubling. The Shenzhen-Chongqing route also shows a trend of "more expensive return trips": the lowest price for a Shenzhen-Chongqing outbound flight on September 24th was 1010 yuan, while the lowest price for a Chongqing-Shenzhen flight on October 7th was 1450 yuan, a return price increase of about 44%. Current booking and forecast data indicate that this years "Double Festival" civil aviation market is showing a clear characteristic of "both volume and price increases." Flight Manager data shows that as of September 17th, the average booked domestic economy class ticket price during the 2026 Mid-Autumn Festival and National Day holidays is approximately 973.7 yuan, a year-on-year increase of 9%; the average daily passenger volume is expected to increase by 3.1% year-on-year during the same period.The China Earthquake Networks Center officially reported that a 6.2-magnitude earthquake occurred in Papua New Guinea (5.90 degrees south latitude, 146.10 degrees east longitude) at 17:17 on September 20, with a focal depth of 120 kilometers.

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.