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According to Nikkei Asia: European Central Bank Chief Economist Lane said there is no need to correct market speculation about a June rate hike.On May 26, the State Council Information Office held a regular policy briefing to introduce the "Implementation Opinions on Promoting the Provision of Basic Public Services in Places of Residence" and answer questions from reporters. Zhang Lixin, Director of the Planning and Finance Department of the Ministry of Human Resources and Social Security, stated that regarding employment assistance, eligible permanent residents will be promptly identified as having employment difficulties in accordance with regulations. Targeted job assistance will be provided to zero-employment households to ensure that zero-employment households are dynamically cleared.According to Irans Tasnim News Agency, Iran executed one person for alleged intelligence cooperation with Israel.On May 26th, the State Administration for Market Regulation and the Standardization Administration of China approved and released the mandatory national standards "Safety Requirements for Photovoltaic Modules" and "Requirements for Nameplate Marking of Photovoltaic Modules," which will take effect on June 1, 2027. It is understood that these two standards were proposed and are under the jurisdiction of the Ministry of Industry and Information Technology. "Safety Requirements for Photovoltaic Modules" specifies the electrical safety, mechanical safety, fire safety, and hazardous substance restrictions for photovoltaic modules, and describes the corresponding test methods. Regarding fire prevention, the standard not only clarifies the fire resistance rating and combustion performance of photovoltaic modules, but also sets mandatory indicators for the flame retardancy of component materials, aiming to comprehensively reduce the fire risk of photovoltaic modules. "Requirements for Nameplate Marking of Photovoltaic Modules" specifies the maximum permissible tolerance and verification judgment values for electrical performance parameters on the module nameplate, clarifies measurement methods, stipulates traceability requirements for measurement values, and ensures traceability of measurement results to prevent the phenomenon of "falsely labeled" power ratings.On May 26th, at the Alipay AI Payment Ecosystem Conference, Ant Group CEO Han Xinyi stated, "The essence of commerce remains unchanged in the AI era, but the new role of intelligent agents is reshaping everything." He believes that in the era of the intelligent agent economy, the essence of commerce and the ultimate purpose of AI to serve people remain unchanged. The difference is that the payment is executed by AI agents instead of humans, the continuity of service is guaranteed by computing power scheduling, and seamless payment is supported.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

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In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.

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