EUR/USD
1.16627
-0.031%
Gold
4613.38
0.350%
Oil
60.401
1.266%
USD/JPY
158.791
0.401%
GBP/USD
1.34718
0.048%
GBP/JPY
213.929
0.458%
Real-time News
January 13th - Market analyst Jeremy Boulton stated that if US inflation data released on Tuesday pushes up the dollar, Japanese authorities may be forced to intervene to support the yen, as they believe the yen has fallen too much. Since last weeks US jobs report, market expectations for a Federal Reserve rate cut have weakened, now anticipated at only 25 basis points, and the potential terminal interest rate for this easing cycle has risen from 3.0% to 3.25%. If December inflation data exceeds economists forecasts of 2.7% year-on-year (with a range of 2.5% to 2.9%), this market expectation will be further strengthened. Ironically, there are currently almost no speculative positions in the market (net yen positions are approximately $200 million), and exchange rate volatility has decreased significantly over the past year. Japanese intervention at this time could create rather than suppress volatility. However, given Japans history of large-scale interventions in similar situations, any data that further strengthens the dollar could trigger a new round of intervention.On January 13th, Meta Platforms (META.O) announced over 1,000 layoffs at its Reality Labs division as part of the companys strategy to shift resources from virtual reality (VR) and metaverse products to artificial intelligence (AI) wearable devices and mobile phone features. According to an internal memo from Chief Technology Officer Andrew Bosworth, employees began receiving layoff notices Tuesday morning. Previous reports from foreign media indicated that the layoffs would affect approximately 10% of Reality Labs roughly 15,000 employees. A Meta spokesperson stated, "We mentioned last month that we would be shifting some investments from metaverse to wearables. This layoff is part of that strategy, and we plan to reinvest the saved resources to support the growth of our wearables business this year."According to Hong Kong Stock Exchange documents, Shanghai Sunmi Technology Group Co., Ltd.-W has submitted a listing application to the Hong Kong Stock Exchange.Meta Platforms (META.O) has begun cutting more than 1,000 jobs in its Reality Labs division. Meta will begin notifying employees of the layoffs on Tuesday morning.According to Hong Kong Stock Exchange documents, Shanghai Shengsheng Pharmaceutical Cold Chain Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.
