EUR/USD 1.16367
0.032%
Gold 4399.21
-0.053%
Oil 94.365
0.162%
USD/JPY 153.339
-0.136%
GBP/USD 1.35508
0.035%
GBP/JPY 207.790
-0.083%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 10th, according to The Information, OpenAI has informed some business partners that it will no longer accept advertising for image and audio generation products, as these products compete with OpenAIs own functionality. This change was not previously reported and was not included in its published advertising policy, catching existing advertisers like Adobe, which sells such products, off guard. If this new policy extends to other competing products, it could limit OpenAIs potential advertising revenue. OpenAI had previously given investors aggressive advertising growth expectations, viewing advertising as a key way to generate revenue from its large non-paying user base.On September 10th, Houthi spokesman Yahya warned that Saudi warplanes had launched dozens of airstrikes across Yemen in the past 12 hours, causing widespread damage to residential areas and civilian infrastructure, and that the group would respond sternly. Yahya stated that Saudi warplanes had carried out 54 airstrikes in several Yemeni provinces, and that no matter how the Riyadh regime tries to cover up its brutality, it cannot escape the severe backlash of its aggression; it will face a decisive response to its atrocities.On September 10th, Mehmet Oz, head of the Centers for Medicare & Medicaid Services (CMS), stated that the Trump administration is seeking more drug pricing agreements with pharmaceutical companies. To date, officials have announced more than twenty "voluntary" agreements with pharmaceutical companies, and Oz indicated that "more agreements are in the works." These agreements vary, but companies typically agree to lower the prices they charge public healthcare programs and launch new drugs at prices comparable to those in other developed countries in exchange for tariff reductions.A Reuters poll found that 74% of economists believe Japan’s total budget request for fiscal year 2027 has exacerbated market concerns about fiscal discipline.A Reuters poll showed that 62% of economists expect the Bank of Japan to raise interest rates to at least 1.75% in the second quarter of 2027 (previously the survey expected a final rate of 1.50%).

The USD/JPY Exchange Rate Drops Below 128.00 Following the Publication of Japan's Unemployment Rate at 2.6 Percent

Drake Hampton

Apr 26, 2022 09:55

The USD/JPY pair has fallen to roughly 127.70 after the Statistics Bureau of Japan published an unemployment rate of 2.6 percent, lower than forecasts and the previous print of 2.7 percent. The asset had a little decline following the release of labor market data. The strengthening of the job market has bolstered the Japanese yen's position against the greenback. Additionally, the Jobs/Applicants ratio came in at 1.22, matching market expectations but slightly higher than the prior print of 1.21 percent.

 

Japan's extraordinarily tight labor market has resulted in a sharp sell-off in the currency. On a broader scale, the Japanese yen is seeing a bullish reversal following a prolonged period of declines due to ultra-loose monetary policy. The Bank of Japan (BOJ) maintains a dovish attitude on liquidity conditions, owing to the fact that the economy has not yet recovered to pre-pandemic levels. While it is true that profit taking is pulling the asset lower, the long-term bullish outlook remains intact.

 

On the dollar front, the US dollar index (DXY) is encountering roadblocks on its way to 102.00. The DXY is facing headwinds from a slightly extended upward, as momentum oscillators on several timeframes have been severely overbought. Increased anticipation of a big rate hike by the Federal Reserve (Fed) in its May monetary policy statement continue to favor the bulls. Meanwhile, US 10-year Treasury yields have fallen below 3% for the first time in three years.

USD/JPY

image.png 


Suggestion