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Bank of Japan Deputy Governor Ryozo Himino: We will carefully monitor the impact of interest rate hikes on corporate finance and wage-setting behavior.Bank of Japan Deputy Governor Ryozo Himino: The recent price increase was also influenced by demand-driven factors, with strong corporate profits, stable wage growth, and active demand related to artificial intelligence supporting the Japanese economy.On June 19th, Beijing time, early on the 18th, US and Iranian officials confirmed that the two presidents had signed a memorandum of understanding. However, some Iranian citizens expressed deep doubt about the USs ability to fulfill its obligations this time, given its history of non-compliance with agreements, and whether the situation would truly calm down. One citizen said, "I dont know much about the memorandum. I dont know if the US has played any tricks in it. They might launch another attack and break their promises." Another said, "I have no hope for the implementation of this memorandum because the USs actions have repeatedly proven that it is a liar."June 19th - According to China Real Estate News, Xiamens secondhand housing prices have risen for three consecutive months, showing an independent recovery trend. The transaction volume also shows positive signals. According to CRIC Xiamen Real Estate Monitoring, in May 2026, Xiamens secondhand residential property transactions reached 2,345 units, with a total transaction area of 228,100 square meters. Compared to the previous month, the number of transactions decreased by 18.7% and the transaction area decreased by 13.8%, but compared to the same period last year, the number of transactions increased by 37.1% and the transaction area increased by 33.7%. For the third consecutive month, the transaction volume has remained above the 2,200-unit benchmark, indicating a stable market foundation. Echoing the recovery trend in the secondhand housing market, Xiamens new housing market has also reached a stabilization turning point, ending the previous month-on-month decline and showing a steady improvement. Looking ahead to the second half of 2026, the structural recovery trend in Xiamens real estate market is expected to continue. In the short term, the mid-year push by real estate companies in June is expected to drive a rebound in new housing supply, with continued release of pent-up demand; the secondhand housing market is expected to maintain a moderate recovery in the short term.Bank of Japan Deputy Governor Ryozo Himino: We will not comment on market pricing for future interest rate hikes.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

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The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.

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