About: jonywang
Recent Posts by jonywang
North Korea in a Year of Unprecedented Aggression
North Korea in a Year of Unprecedented Aggression North Korea has launched a record number of missile tests in 2022, far outnumbering previous recorded years at a total of 90 missiles fired – compared to 2021’s 8 missiles. Meanwhile, North Korean leader Kim Jung Un has ordered an ‘exponential’ increase in the size of theContinue Reading
Will the Japanese Yen See a Big U-Turn in 2023?
On Wednesday, the Bank of Japan released a summary of opinions from its December meeting. The meeting, originally held on 20 December, saw the BoJ increase its 10-year benchmark yield ceiling in a surprise move that boosted the yen over 3% by investors betting on a Hawkish turn by the BoJ. However, Wednesday’s summary revealedContinue Reading
Bank of Japan’s Surprise Bond Cap Raise
Japan’s outgoing central bank governor Haruhiko Kuroda surprised markets with an increase of 25 basis points on the cap for the BoJ’s 10-year yields, effectively doubling the limit. The surprise has caught economists by surprise in light of the BoJ’s extreme dovishness even as the rest of the world embraces tightening. While the BoJ hasContinue Reading
Outlook on Crude Positive for Early 2023 on China Reopening and OPEC+ Cuts
U.S. crude oil stockpiles fell much more than expected, according to the data of the American Petroleum Institute (API). The weekly report released by the organisation reported a draw of nearly 3.1 million barrels of crude oil for the week ending in December 16th. Compared to a build up of more than 7.8 million barrelsContinue Reading
U.S. Charges Sam Bankman-Fried for Fraud
Embattled FTX founder Sam Bankman-Fried has been slapped with 8 charges by federal prosecutors, including conspiracy and wire fraud. The ex-CEO was arrested in the Bahamas on Monday – the first move by the authorities to hold those involved in the FTX meltdown and the subsequent loss of billions in client funds accountable. In addition,Continue Reading
