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<p>The People's Bank of China set its Loan Prime Rate (LPR) for the one- and five-years unchanged.</p><p>LPR rates are:</p><ul><li>3.45% for the one year</li><li>4.20% for the five year</li></ul><p>The LPR plays a vital role in determining interest rates for loans and mortgages

<p>The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.</p><ul><li>USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.</li><li>CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.</li>

<p>People's Bank of China USD/CNY reference rate is due around 0115 GMT.</p><p>The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan

<p>The BOJ policy meeting is Monday and Tuesday, the 22nd and 23rd of January. The statement will be handed down on Tuesday. As usual, there is no firmly scheduled time. Expect it sometime in the 0230 to 0330 GMT time window.</p><ul><li>that's 2130 to 2230 US Eastern time</li></ul><p>Bank of Japan Gove

<p>Analysts at J.P. Morgan are estimating that currently there is no geopolitical risk premium in oil prices, despite all the attacks on the Red Sea:</p><ul><li>Shipping disruptions are "easily handled"</li><li>rerouting tankers around the southern tip of Africa adds only $2 a barrel to oil prices</l

<p>The US dollar is a little wealker in Asia morning trade.</p><p>AUD, NZD, GBP, EUR are all up slightly, up towards Friday's lows.</p><p>Apart from what has been posted there is no fresh news. </p><p>Still, not a large move nor a large range.</p><p>'Risk' is up more breadly, both

<p>Shipping data analyst firm Sea-Intelligence says that disruptions to shipping from the Houthi attacks in the Red Sea are already more damaging to the supply chain than the early COVID-19 pandemic.</p><p>The firm cite their analysis of vessel delays</p><ul><li>supply chain data known in the industry as "ve

<p>Posting this as a bit of catch-up ICYMI, Mark Zuckerberg said that by the end of 2024, the company’s computing infrastructure will include 350,000 H100 graphics cards. </p><p>This points to Meta spending billions of dollars on Nvidia’s leading chips. These have been at prices up to around USD 40,000, due to demand. </p>&l

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/us-futures-nudge-higher-with-yields-holding-lower-on-the-day-20240122/">US futures nudge higher with yields holding lower on the day</a></li><li><a href="https://www.forexlive.com/news/stocks-look-to-build-on-record-hig

<p>Of note, 10-year Treasury yields look to be coming close to test the 200-day moving average of 4.091% and is now slipping just past its own 100-hour moving average of 4.097%. In turn, equities are staying buoyed with S&amp;P 500 futures now up 0.4% ahead of US trading later.</p><p>The gains owe mostly to tech stocks, [&hell