EUR/USD 1.15853
-0.568%
Gold 4458.14
-3.118%
Oil 82.713
-0.301%
USD/JPY 160.075
0.430%
GBP/USD 1.35378
-0.402%
GBP/JPY 216.693
0.027%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Malaysian Prime Minister Anwar Ibrahim: The new fuel quota system will be implemented on September 1.On August 30th, it was reported that on August 29th local time, violent attacks by Jewish settlers occurred in several locations in the West Bank, resulting in multiple injuries. In the village of Goslah, over 50 masked settlers threw stones at Palestinian residents inside their homes; in the village of Jaloud, masked settlers intercepted and attacked a vehicle belonging to the NBC News team; and in the village of Khaldin, armed settlers kidnapped and detained a British activist who supports Palestine.According to the Anhui Provincial Bureau of Statistics, from January to July, industrial enterprises above designated size in Anhui Province achieved operating revenue of 3,725.73 billion yuan, a year-on-year increase of 17.6%; operating costs reached 3,227.32 billion yuan, an increase of 16.2%; and total profits reached 195.91 billion yuan, an increase of 63.5%. From January to July, the cost per 100 yuan of operating revenue for industrial enterprises above designated size was 86.62 yuan, and the expenses per 100 yuan of operating revenue were 7.31 yuan. At the end of July, accounts receivable for industrial enterprises above designated size reached 1,635.85 billion yuan, a year-on-year increase of 25.6%; and finished goods inventory reached 310.74 billion yuan, an increase of 19.6%. At the end of July, the operating revenue per 100 yuan of assets for industrial enterprises above designated size was 80.2 yuan, and the per capita operating revenue was 2.089 million yuan.According to Icelandic Broadcasting Corporation: Iceland voted against holding negotiations to join the European Union.According to Icelandic public broadcaster RUV, in the vote counted in 5 out of 6 constituencies, the "oppose" side of Icelands accession to the European Union is leading with 52.5% of the vote.

Prior to the release of Australian employment data, the AUD/JPY pair attempts to regain 89.00

Alina Haynes

Apr 12, 2023 13:44

 AUD:JPY.png

 

The AUD/JPY pair attempts to reclaim the critical resistance level of 89.00 during the Asian session. Kazuo Ueda, the governor of the Bank of Japan (BoJ), has advocated for an extension of the already decade-long ultra-loose monetary policy in order to consistently achieve an inflation rate above 2%.

 

The decelerating Producer Price Index (PPI) contradicts the optimistic outlook of the Japanese government regarding wage growth. As expected by market participants, the March PPI did not change. The annual PPI came in at 7.2%, which was higher than the consensus estimate of 7.1% but lower than the previous release of 8.1%. The inability of companies to sustain accelerating production rates at factory gates is indicative of weak household demand.

 

Analysts at Commerzbank anticipate that the Japanese Yen will only appreciate over the long term if the current monetary policy is abandoned quickly.

 

Regarding the Bank of Japan's (BoJ) Yield Curve Control (YCC), the IMF has stated that allowing more flexibility in YCC could have repercussions for global markets, but it could also prevent future policy shifts that could result in significant spillovers.

 

Investors are awaiting the March Employment Report for fresh impetus in the Australian Dollar. The market expects the Australian economy to add 20,000 employment, which is less than the previous estimate of 64.6K. While the Unemployment Rate is expected to rise to 3.6% from 3.5% in February, it is anticipated that the Unemployment Rate will increase to 3.6%.

 

Governor Philip Lowe of the Reserve Bank of Australia (RBA) has left the door open for additional rate hikes if Australian inflation persists, so the publication of stronger-than-expected employment gains could reignite fears of additional rate hikes.

Suggestion