CNHJPY CNH/JPY
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CNH/JPY News
China Business Sector Edges Into Expansion in October: PMI Report
Stronger China Services Sector Activity Drives Up PMI -- Market Talk
The Bank of japan remains on hold, and the Japanese yen fluctuates within a narrow range against the US dollar.
According to Bloomberg, japan's central bank kept its benchmark interest rate unchanged, as the ruling coalition suffered its worst election defeat since 2009, increasing the uncertainty of economic outlook and political situation.
Corporate loan interest rates hit a new low! In the first three quarters, the financial system in peking provided a total financing volume of nearly 950 billion yuan. In September, the average weighted interest rate for corporate loans dropped to 2.87%.
1. In the first three quarters of this year, Peking's financial institutions continued to show a growing trend in credit volume. As of the end of September, the RMB loan balance and deposit balance increased by 5.4% and 9.4% year-on-year, respectively. 2. Since the beginning of this year, the weighted average interest rate of new corporate loans issued by financial institutions in Peking has remained at a low level, with the September average interest rate for corporate loans at 2.87%, reaching a new record low in statistics.
The Central Bank: In September, various types of bonds totaling 7,603.15 billion yuan were issued in the bond market.
On October 30, the People's Bank of China released the financial market operation situation for September 2024.
USA election heavy trade signal! Bloomberg: Hedge funds bet on the surge of "this currency pair"...
Countdown to the usa presidential election in November, hedge funds are shifting bets to the Singapore dollar, causing a significant increase in the cost of speculating on the Singapore currency. Options traders are positioning for the rise of the US dollar against the Singapore dollar.
The yen is consolidating amid concerns before the Bank of Japan meeting and intervention.
The Japanese yen against other G10 currencies and Asian currencies remained rangebound in early trading, as market participants took a cautious stance ahead of the Bank of Japan's two-day meeting.
U.S. Consumer Confidence Surges in October to Highest Level in Nine Months
China Considers Approving Fresh Fiscal Package Worth Over CNY10 Trln on Nov 8
US stocks closed | The three major indices collectively rose, with the China Golden Dragon Index leading the large cap with a rise of over 4%; Bitcoin returned to $0.07 million, and crypto concept stocks strengthened; Donald Trump concept stock DJT surged
Small cap stocks rose 1.7% to lead the way, Nasdaq approaching its all-time high, tesla reversed down by 2.5%, nvidia fell by 1% at one point, nio inc surged over 10%, North American uranium mines and nuclear energy concept stocks rose together, Altman-backed Oklo surged over 28% to a new high.
Asia Week Ahead: BoJ Meeting, Manufacturing PMIs Plus Inflation and Q3 GDP Numbers
PBOC Adds Outright Reverse Repo to Monetary Policy Toolbox
Next week's outlook: A week full of important events! USA GDP, PCE inflation, and non-farm payrolls are coming in. Don't forget about the japan central bank decision.
Looking ahead to next week, investors will face many risk events, the usa will release non-farm employment reports, GDP data, and PCE inflation data. The Bank of Japan will announce its interest rate decision.
Hong Kong Monetary Authority: Designates 11 banks as the primary liquidity providers for the Hong Kong offshore RMB market.
The Hong Kong Monetary Authority announced that the Agricultural Bank of China and 11 other banks have been designated as the primary liquidity providers in Hong Kong's offshore RMB market.
The central bank: the fund flow information platform will be online for trial operation on October 25th.
On October 25, the People's Bank of China held a working meeting on the trial operation of the National Small and Medium-sized Enterprise Funds Flow Credit Information Sharing Platform (hereinafter referred to as the Funds Flow Information Platform) online.
Forex Today: Japanese Yen Selling Pauses, Market Attention Shifts to PMI Data
How does foreign investment's "buying spree" in china impact the exchange rates of the chinese yuan? Industry insiders: it helps stabilize the exchange rates and two-way fluctuations will become the norm.
①Communication with foreign investors shows that investors' interest in China is rising, and some long investors may return to China; ②Since late September, foreign net purchases of domestic stocks have increased overall; 3. Foreign capital inflows into China help stabilize the exchange rates of the Renminbi.
China Growth Should Remain Steady – DBS
Global finance ministers gather in Washington: IMF and World Bank annual meetings overshadowed by war clouds, economic slowdown, and the US presidential election.
This week, the annual meetings of the International Monetary Fund (IMF) and the World Bank will be held to discuss various topics such as boosting global economic growth, addressing debt crises, and financing the transition to green energy.
China's Central Bank Mulls Further Interest Rate Cuts Before 2024-End