• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 6th, US President Trump stated in an interview on April 5th that the US is currently engaged in "in-depth negotiations" with Iran and hopes to reach an agreement before his April 7th deadline. Two sources indicated that the negotiations are being conducted through mediators from Pakistan, Egypt, and Turkey, and there has also been communication between Trumps advisors and the Iranian Foreign Minister. Trump stated that his special envoy, Witkov, and his son-in-law, Kushner, are conducting intensive negotiations with the Iranian side. Trump said that an agreement is very likely, but if an agreement cannot be reached, he will destroy everything there. Previously, Trump had threatened to destroy infrastructure vital to Iranian civilians if an agreement could not be reached with Iranian leaders.On April 6, Iranian Foreign Minister Araqchi stated during a phone call with Russian Foreign Minister Lavrov that the US threat to attack Iranian energy facilities was Washingtons "admission" of war crimes. In a statement, Iran said, "The Iranian Foreign Minister mentioned the US threat to attack Iranian energy facilities, considering these remarks a clear admission of war crimes." Araqchi pointed out that since the start of the war, the US has been attacking Irans industrial, energy, educational, medical, and nuclear infrastructure. He emphasized that the UN Security Council and the International Atomic Energy Agency should immediately condemn the US attacks on Iranian facilities.April 6 - According to the Telegram channel "TOLOnews Plus," citing the National Disaster Management Authority (ANDMA), as of Sunday, the death toll from floods and landslides caused by torrential rains that began in Afghanistan on March 25 has reached 99, with 154 injured.April 6th - According to foreign media reports, crude oil loading at the important Russian Baltic port of Ust-Luga was disrupted for several days following multiple drone attacks by Ukraine, but has now resumed. Shipping information shows that an Aframax bulk carrier named "Gem" began loading cargo on Saturday. Currently, Ukraine continues to attack Russian Baltic oil infrastructure; facilities at the port of Primorsk were damaged earlier on Sunday. Ukraines actions are aimed at curbing Russian export revenues. Global energy prices have risen due to the Middle East war. However, if Russia resumes a stable supply of crude oil from the Ust-Luga oil field, it could provide some relief to global markets turbulent due to Irans blockade of the Strait of Hormuz.Market news: Ust-Luga, a major Baltic port in Russia, has resumed crude oil loading after several days of disruption.

In the face of weak yields ahead of FOMC and NFP, USD/JPY maintains a position below 148.40

Daniel Rogers

Oct 31, 2022 16:39

 截屏2022-10-31 上午11.13.13.png

 

The USD/JPY pair surpasses 148.0 for the second day in a row, gaining 0.45% but retreating from the day's peak of 148.26. Recent inactivity in the yen pair may be related to the market's ambivalence as well as nervousness ahead of the Federal Open Market Committee (FOMC) meeting announcements and the October US employment report.

 

Despite this, the 10-year US Treasury rate fluctuates at 4.00% after ending a 10-week uptrend on Friday. The inconsistent performance of stocks adds to the challenge for USD/JPY traders, as US equity futures report minor losses as the Dow Jones prepares for its highest monthly gain since 1976.

 

Industrial Production in September was dismal, while Retail Sales earlier in the day buoyed yen bulls. According to Reuters, "Japan's factory output fell in September for the first time in four months as manufacturers grappled with rising raw material costs and a worldwide economic crisis," and is anticipated to fall again in October before recovering in November.

 

As a result of the US dollar's function as a safe haven, the USD/JPY appreciates in response to news of the shutdown of a casino resort in Macau and concerns emanating from Russia. Russia, which invaded Ukraine on February 24, halted its participation in the Black Sea agreement for a "indefinite period" on Saturday because it could not "guarantee the protection of civilian ships" traveling under the treaty after its Black Sea naval was attacked. Fears that the Fed may suggest a reduction in the rate of rate hikes beginning in December appear to be pressuring pair buyers recently.

 

In contrast to the Fed's hawkish posture, the Bank of Japan's (BOJ) unwillingness to alter monetary policy keeps USD/JPY buyers confident.