EUR/USD
1.17479
-0.057%
Gold
4950.70
0.299%
Oil
59.686
0.170%
USD/JPY
158.660
0.152%
GBP/USD
1.34938
-0.061%
GBP/JPY
214.099
0.108%
Real-time News
The Reserve Bank of New Zealands core inflation rate, based on an industry-factor model, rose 2.8% year-on-year in the fourth quarter.Hong Kong-listed commercial aerospace stocks surged, with Junda Technology (02865.HK) rising over 27%, Goldwind Technology (02208.HK) up over 8%, Asia Pacific Satellite (01045.HK) up over 6%, and Lens Technology (06613.HK) up over 2%.Hong Kong-listed gold stocks rose, with Chifeng Gold (06693.HK) up over 7%, Zijin Mining International (02259.HK) and China Gold International (02099.HK) up 5%, Shandong Gold (01787.HK) and Tongguan Gold (00340.HK) up over 3%, and China Silver Group (00815.HK) up 2.9%.On January 23, it was reported that smartphone manufacturer vivo recently halted its AI glasses project. This project had been secretly in preparation for six months and had already collaborated with several ODM manufacturers, including Goertek and ThunderSoft, on demos. An insider stated that audio-visual solutions and AI glasses with a single green display were all within vivos discussion scope, but the project was ultimately halted before a direction was finalized. The reason given was that several senior executives, including vivos Executive Vice President Hu Baishan, believed that their AI glasses would be "difficult to differentiate at present."1. Goldman Sachs: Expects the Bank of Japan (BOJ) to maintain its policy rate at 0.75%, but its policy stance is undergoing a substantial evolution—from cautious observation to preparing for a steady rate hike. The benchmark forecast of a July 2026 rate hike remains, but the timing could be brought forward if the yen depreciates uncontrollably. 2. Nomura Securities: Expects the BOJ to maintain its policy rate at 0.75%. The BOJ may hint that the threshold for the next rate hike is not high to avoid exacerbating the yens depreciation. They may leave room for action as early as April. 3. Commerzbank: Expects the BOJ to maintain its policy rate at 0.75%, with inflation near the 2% target level, further supporting this decision. On the other hand, the BOJ will certainly remain somewhat vigilant about the current yens movement, and a slightly hawkish stance to support the yen would be appropriate—or at least to prevent further pressure on the yen. 4. Barclays: Expects the BOJ to maintain its policy rate at 0.75% and adhere to its existing forward guidance without significant adjustments. Given the extremely low real interest rates, the Bank of Japan should continue to "reiterate its willingness to raise interest rates further, based on improvements in economic activity and prices." The sell-off of the yen will also be a factor in the central banks decision. 5. ING: Expects the Bank of Japan to maintain its policy rate at 0.75%, focusing on economic growth, inflation trends, and the impact of a weaker yen, rather than political dynamics. Kazuo Ueda is unlikely to hint at further rate hikes, but will instead explore the impact of a weaker yen on domestic inflation. 6. Natixis: Expects the Bank of Japan to maintain its policy rate at 0.75%, but will remain hawkish to stabilize exchange rate expectations. If the yen continues its irrational weakness, another rate hike in 2026 will remain a necessity to defend the yens purchasing power and curb imported inflation. 7. Oxford Economics: Expects the Bank of Japan to maintain its policy rate at 0.75% and only raise rates once more before mid-2026, reaching a final rate of 1%. The market expects the Bank of Japan to act ahead of schedule, but the outcome may disappoint them. 8. Mitsubishi UFJ: The effects of monetary policy changes will take time to materialize, and there is no sufficient reason to rush into another rate hike at this meeting. Efforts to curb the yens depreciation through rate hikes may fuel the upward trend in long-term interest rates, which is currently developing at a fairly rapid pace. 9. HSBC: If Kazuo Ueda returns to his consistently cautious stance rather than actively hinting at further rate hikes, the yen may face renewed downward pressure, potentially triggering concerns about import inflation. However, continued yen weakness and further fiscal expansion may force the Bank of Japan to act sooner rather than later to implement the next rate hike. 10. OCBC Bank: A clearer expression of the Bank of Japans expectation of a significant wage increase could mean an earlier rate hike. The Bank of Japan is expected to raise rates by 25 basis points as early as March, and officials may pay more attention to the impact of the weak yen on inflation.
