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According to Iranian media: Iran attacked Israels Greillot intelligence center near Tel Aviv.According to Tianyancha App on June 17, Wuhu Jietu Automobile Sales Co., Ltd. recently underwent industrial and commercial changes, with its registered capital increasing from RMB 500 million to RMB 2 billion, a 300% increase. The company was established in April 2017, with Zhang Chunwei as its legal representative. Its business scope includes automobile sales, auto parts retail, auto decoration sales, motor vehicle repair and maintenance, lubricant sales, battery sales, charging pile sales, electric vehicle charging infrastructure operations, etc. It is wholly owned by Chery Automobile Co., Ltd.Futures June 17 news, Zhengzhou Commodity Exchange variety warehouse receipts and changes are as follows: 1. Apple futures warehouse receipts 0, unchanged from the previous trading day; 2. Peanut futures warehouse receipts 0, unchanged from the previous trading day; 3. Red date futures warehouse receipts 8555, an increase of 245 from the previous trading day; 4. Glass futures warehouse receipts 877, unchanged from the previous trading day; 5. Urea futures warehouse receipts 5810, a decrease of 112 from the previous trading day; 6. Short fiber futures warehouse receipts 5464, unchanged from the previous trading day; 7. Rapeseed meal futures warehouse receipts 25907, a decrease of 270 from the previous trading day; 8. PX futures warehouse receipts 5, unchanged from the previous trading day; 9. Soda ash futures warehouse receipts 6866, a decrease of 175 from the previous trading day; 10. There were 1,185 warehouse receipts for rapeseed oil futures, unchanged from the previous trading day; 11. There were 9,909 warehouse receipts for methanol futures, down 1,000 from the previous trading day; 12. There were 2 warehouse receipts for cotton yarn futures, unchanged from the previous trading day; 13. There were 28,586 warehouse receipts for white sugar futures, unchanged from the previous trading day; 14. There were 0 warehouse receipts for caustic soda futures, unchanged from the previous trading day; 15. There were 15,241 warehouse receipts for ferrosilicon futures, down 32 from the previous trading day; 16. There were 97,115 warehouse receipts for silicomanganese futures, down 527 from the previous trading day; 17. There were 80,807 warehouse receipts for PTA futures, down 4,262 from the previous trading day; 18. There were 10,993 warehouse receipts for cotton futures, down 40 from the previous trading day.According to CNN, citing US officials: US intelligence officials believe that the Israeli attack may only delay Irans nuclear program by a few months.The onshore RMB closed at 7.1838 against the U.S. dollar at 16:30 on June 17, down 36 points from the previous trading day.

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.


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