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Real-time News
May 5th news, on May 5th, the report released by CRIC Real Estate Research Center showed that the property market stopped falling and stabilized in the first quarter of 2025. Comparing the total transaction volume of new and second-hand houses in 30 typical cities in the first quarter of previous years, it can be seen that the first quarter of 2025 is basically at the median level in the past six years. In the first quarter of 2025, the transaction area of first-hand and second-hand houses reached 82.04 million square meters, a year-on-year increase of 17%. At the new home level, thanks to the continued fermentation of the favorable new policies in the core first-tier cities, the transaction area of commercial housing in 115 key cities in the first quarter was 51.31 million square meters, the same as last year. From the monthly trend, since February 2024, the year-on-year decline in new home transactions has continued to narrow. By March 2025, the monthly new home transaction volume was the same as in 2024, and the signs of stopping the decline and stabilizing have begun to appear.May 5, - Swiss inflation unexpectedly fell to a low of 0% in April, government data showed on Monday, increasing the chances that the Swiss National Bank will cut interest rates again next month. Consumer prices did not rise last month compared with the same period last year, down from 0.3% increases in February and March, and at the bottom of the Swiss National Banks 0-2% target range. The data was lower than the 0.2% predicted in a Reuters poll, raising the chances that the Swiss National Bank will cut its policy rate from the current 0.25% at its next meeting to prevent inflation from falling below its 0-2% target range. Before the data was released, markets expected a 93% chance that the Swiss National Bank would cut interest rates to 0% at its June 19 meeting. There was also a 95% chance that interest rates would fall below 0% later this year.Switzerlands CPI monthly rate in April was 0%, in line with expectations of 0.20% and the previous value of 0.00%.Switzerlands CPI annual rate in April was 0%, in line with expectations of 0.20% and the previous value of 0.30%.Switzerlands April CPI monthly rate will be released in ten minutes.

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.