EUR/USD 1.18723
0.010%
Gold 5065.58
-0.368%
Oil 64.744
0.012%
USD/JPY 152.425
-0.550%
GBP/USD 1.36334
0.039%
GBP/JPY 207.811
-0.498%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 12th, the State Administration for Market Regulation released the "Guidelines for Compliance of Pricing Behavior in the Automobile Industry." Currently, the automobile industry suffers from illegal practices such as failure to clearly mark prices as required and price fraud, which harm the interests of consumers and businesses, disrupt fair competition, and hinder the industrys high-quality development. Based on the current realities of the automobile industry, the "Guidelines" further clarify the boundaries of behavior, unify regulatory rules, guide automobile manufacturers and sales companies to operate legally and compliantly, and promote a market order characterized by high quality, fair pricing, and healthy competition. The "Guidelines" specify price compliance requirements at every stage, from vehicle manufacturing to parts production, and from pricing strategies to sales practices. It implements full-process price management, strengthens fair pricing constraints, regulates promotional and pricing behaviors, and cracks down on unfair pricing practices. Focusing on the new car sales stage, it strives to regulate prominent issues such as failure to clearly mark prices as required and false promotions. A risk warning mechanism is established, encouraging platforms to provide two-way warnings about operational and consumer risks associated with significantly low-price behavior.The main contract for the container shipping index (European route) rose by 4.00% during the day, currently trading at 1230.8 points.On February 12th, according to Futures News, the overnight SHIBOR was 1.3680%, up 0.20 basis points; the 7-day SHIBOR was 1.5180%, down 0.50 basis points; the 14-day SHIBOR was 1.5830%, down 1.70 basis points; the 1-month SHIBOR was 1.5500%, down 0.11 basis points; and the 3-month SHIBOR was 1.5800%, unchanged from the previous trading day.Applied Materials: The U.S. Department of Justice and the U.S. Securities and Exchange Commission have concluded their investigations into the company without taking any action.February 12th - Hedge funds are showing a clear shift, increasing bets on a stronger yen amid a rising "buy Japan" trend. Traders say that even though strong US jobs data has weakened market expectations for a Fed rate cut this year, bullish sentiment on the yen is still rising. On Wednesday, the yen rose against the dollar for the third consecutive trading day, remaining strong despite pressure on the dollar following the release of the US non-farm payrolls report. According to data from the Depository Trust & Clearing Corporation (DTCC), on Wednesday, trading volume of USD/JPY put options with a notional size of $100 million or more was about 50% higher than that of call options of the same size. The premium for options betting on or hedging a decline in USD/JPY over the next month has risen to its highest level since February 2nd.

USD/JPY falls to a two-month low at 131.50 owing to decreasing rates and recession concerns

Daniel Rogers

Aug 02, 2022 15:11

 截屏2022-08-02 上午9.53.23.png

 

During Tuesday's Asian session, USD/JPY bears hold dominance at the lowest levels in eight weeks as the pair flirts with the 131.50 barrier. Recent weakening in the pair may be linked to negative rates and recent good news on Japan, not to mention inconsistent Fed and China-related rhetoric.

 

US 10-year Treasury rates touched a four-month low of roughly 2.58 percent the day previous, as US economic data heightened concerns of a slump. As traders awaited the announcement of vital US employment numbers for July on Friday, the dollar dropped. In spite of this, the US Dollar Index (DXY) plummeted to a new monthly low before bouncing off 105.25 on Monday.

 

In July, the US ISM Manufacturing PMI fell to its lowest level since January 2020, as the activity index fell from 53.0 to 52.8. However, the actual figures outperformed the market projection of 52.0. Additionally, final readings of the US S&P Manufacturing PMI dipped below early predictions of 52.3 to 52.2, compared to 52.7 earlier. In addition, Germany's Retail Sales plummeted 8.8 percent year-over-year in June, compared to a market forecast of -8.0 percent and a prior decrease of -3.6 percent.

 

It should be remembered that the second straight quarterly contraction in US Gross Domestic Product (GDP) caused a "technical recession" and weighed on the US dollar throughout the preceding week. Fed Chair Jerome Powell's indirect warnings that the hawks are losing momentum were in the same tone.

 

On a separate page, Reuters claims three sources familiar with the issue as claiming that US House of Representatives Speaker Nancy Pelosi was slated to visit Taiwan on Tuesday, despite Chinese vows to never "sit idly by" if she made the trip to the self-governed island claimed by Beijing.

 

At home, speculations of an increase in Japanese salaries and challenges to the Bank of Japan's (BOJ) cheap money policies appeared to have sunk the USD/JPY exchange rate, probably due to widespread inflation anxieties. Recent estimates from Nikkei show that the average minimum wage in Japan will climb by a record 3,3 percent in the fiscal year ending in March 2023. The newspaper also noted, "A Japanese panel is aiming to enhance the average minimum wage by 31 yen."

 

Wall Street concluded with minor losses, but 10-year Treasury rates struck a four-month low of approximately 2.58 percent. In spite of this, as of press time, the S&P 500 Futures indicate moderate losses of around 4,120.

 

In the near future, the words of Chicago Fed President Charles L. Evans and Federal Reserve Bank of St. Louis President James Bullard will impact the course of the USD/JPY.


Suggestion