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On April 8th, the State Councils Inter-Ministerial Joint Conference on Reducing the Burden on Enterprises held its 2026 work conference in Beijing. The conference emphasized adhering to a problem-oriented approach, focusing on comprehensive measures to address pain points across the entire business chain, continuously breaking down institutional and hidden market barriers, ensuring the stability of the industrial and supply chains and the safety of enterprise production and operations, and effectively enhancing the targeted effectiveness of burden reduction efforts. When outlining key tasks for 2026, the conference required: carefully planning new ideas and measures to reduce the burden on enterprises and earnestly carrying out the work; establishing and practicing a correct view of performance, earnestly helping enterprises solve practical difficulties, conducting in-depth investigations and research at the grassroots level, identifying key areas, and effectively responding to and resolving various urgent, difficult, and pressing issues faced by enterprises; and systematically improving and optimizing the supporting institutional system for optimizing the business environment, standardizing administrative law enforcement involving enterprises, and ensuring fair competition among business entities, while strengthening intelligent supervision and credit supervision.On April 8th, UniCredit analyst Roberto Mialich stated in a report that the US dollar could fall further if the war with Iran ends or becomes a risk factor for the Trump administration. He pointed out that if risk appetite eases, the dollars safe-haven role means it will lose support, as seen after Trump announced a two-week ceasefire. He stated, "Once the conflict finally ends, the market will refocus on the factors that pressured the dollar before the war began." The dollar could also weaken if the US becomes embroiled in a protracted conflict without a clear exit strategy. He indicated that this could trigger a new round of concerns about US economic policy and the credibility of the dollar.On April 8th, Trump posted a statement saying that the United States will work closely with Iran, and that they have determined that Iran has undergone a highly effective regime change! Uranium enrichment activities will be prohibited, and the United States will work with Iran to excavate and remove all nuclear "dust" buried deep underground (dropped by B-2 bombers). These areas have been under extremely tight satellite surveillance (monitored by the Space Force). Nothing has been touched since the attack. We are and will continue to discuss tariffs and sanctions relief with Iran. Many of the 15 points have been agreed upon.US President Trump: (Regarding the Iran issue) We have reached an agreement on many of the 15 points.White House spokesperson: Discussions about face-to-face talks between the U.S. and Iran are ongoing, but everything will be confirmed once the president or the White House makes a formal announcement.

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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