Dan Jackson is the Web Team Leader at City University London. He is part of a small team responsible for the maintenance and development of the University Web site, CMS and related systems and applications. During his time at the University Dan has overseen a site redesign and an accessibility audit. He has over 7 years experience in Web development, and his interests include Web standards, usability, accessibility, client-side coding and PHP. Dan facilitated a workshop on "Coping with Forms: Implementing a Web Form Management Application".

John Harrison is the CEO of Maxsi. Maxsi are developers of eVisit Analyst, a range of advanced Web site analysis tools used by universities such as Northumbria and Exeter. John participated in the panel session on "Dealing with the Commercial World: Saviour or Satan?"

Jeff Barr is the Senior Manager of Web Services Evangelism for Amazon Web Services. He manages a team consisting of himself and three other evangelists and their goal is to create excitment and awareness for the Amazon Web Services. While maintaining an intense schedule at work he still finds time to write for his personal blog and to enhance and maintain Syndic8, his 5 year old RSS Feed directory. Jeff gave a plenary talk on "Building Highly Scalable Web Applications".

Rob Bristow, JISC as Programme Manager for e-Administration gives a plenary talk on Institutional Responses to Emergent Technologies - What JISC is Doing. As users of all sorts become more familiar with new technologies (including both Web 2.0 type software tools and user-owned devices) and become used to, and expectant of, managing their own data through 'self-service' applications and systems, questions are asked of institutions as to how they will respond to these new demands. JISC has been investigating this area through strands within its e-Learning and Users and Innovation programmes which have been focussed in the main on the learners' and users' experience. JISC has recently funded a further series of projects that address the way that institutions are responding to these new challenges, looking at organisational policies, practice and strategies, as well as funding pilot projects that demonstrate actual institutional responses. This work is in its early stages but the scope of the responses to the call for projects and some of the early results of the landscape study will provide some interesting real life information about institutional responses from across the sector. This talk will describe the work that JISC is doing and relate it to the Institutional Web Manager world.

The new Japan-Australia Economic Partnership Agreement (JAEPA), signed on 8 July 2014, will strengthen economic ties between the two nations. Japan is Australia’s third largest direct foreign investor with A$130 million worth of investment stock in Australia in 2013.

The Victorian Government’s investment agency has created 20,000 jobs since December 2010 reaching its target six months earlier than predicted. The jobs were created as a result of the Office of State Development attracting A$8 billion worth of assisted investment.

Australia’s largest biotechnology company, Commonwealth Serum Laboratories (CSL), will invest A$210 million to expand albumin production at its Broadmeadows manufacturing site (25 minutes from Melbourne’s city centre) to meet increasing demand for its global ‘ablumin’ critical care therapy. The planned manufacturing facility for the Broadmeadows site is expected to create up to 200 jobs during construction, with a further 190 manufacturing jobs once the plant is operational.

Aegis Services Australia has announced it will expand its business processing outsourcing operations in Victoria, creating 550 new jobs over the next two years. Aegis is a global outsourcing and technology company. The expansion will mean a doubling of the company’s existing local workforce and a substantial investment in training and up-skilling of employees. The company’s announcement underscores Victoria's strong reputation as a destination for global investment and business services centre.

Japanese-based pharmaceutical company Eisai has announced it will open its Australian headquarters in Melbourne to provide a platform to market its portfolio of epilepsy and oncology products. The company ranks in the top 25 pharmaceutical companies in the world by revenue, and employs over 10,000 people worldwide.

Melbourne has been recognised as the top Major City in Human Capital and Lifestyle, according to the fDi Intelligence Global Cities of The Future 14/15 study. Cities in the study were categorised according to population and, as a Major City, Melbourne was awarded the top position in cities with populations less than 10 million. As winner of the Human Capital and Lifestyle category, Melbourne scored high results in categories such as; literacy rate, education expenditure, health, quality of life, percentage of population as labour force, number of students and numerous other indicators.

Global pharmaceutical company Janssen-Cilag, a subsidiary of Johnson & Johnson, has signed a three-year research collaboration agreement with Melbourne’s Monash University. The collaboration will focus on ground-breaking research at Monash University to develop potential new medicines to treat autoimmune diseases and disorders .

The Japan-Australia Economic Partnership Agreement (JAEPA) entered into force on 15 January 2015. Japanese interest in Victorian and nationwide investment is continuing to grow, with major fast food chains and convenience store operators looking at investing in the agriculture sector, which will in turn support expansion into the South East Asia marketplace.

The Victorian Government has announced it will begin work on one of Australia’s largest infrastructure projects, the Melbourne Metro Rail Project. The new Melbourne Metro Rail line includes a nine-kilometre twin rail tunnel from Melbourne's south, under the CBD, through to the university and health precinct in the city's north. It will include five new and expanded underground stations.

Melbourne’s Monash University and Amearo Engineering have captured the attention of global aviation industry giants by creating the world’s first 3-D printed jet engine. The manufacturing breakthrough will lead to cheaper, lighter and more fuel efficient jets, and will result in advances in medical technology, according to engineers and researchers.

Event Begins: Thursday, November 14, 2024 7:00pm
Location: Earl V. Moore Building
Organized By: School of Music, Theatre & Dance

The Departments of Chamber Music and Piano present this Belgian piano/violin duo in a master class, coaching U-M students on the performance of piano chamber music.

GUEST ARTIST BIOS

One of the leading Belgian violinists, JOLENTE De MAEYER, has brought her virtuosity and passionate interpretations to diverse global audiences. She is recognized as an exceptionally gifted artist, reflected in the numerous awards and effusive reviews she has received for both her live performances and recordings.

Prizewinner of several international competitions in Portugal (Cardona Competition), Russia (Liana Issakadze Competition) and London (Benjamin Britten Competition), the international career of Jolente started with a successful participation at the Queen Elisabeth Competition in Brussels. Performances with all major Belgian orchestras and concert tours in Europe and the United States followed. She made her debut in Florida, Vermont, California, Washington DC and Canada in 2017. This was followed by an extensive tour in South Africa. Future engagements include concert tours in Europe, Canada, United States and China.

Her recordings include concerti by Saint-Saëns and Vieuxtemps with the Philharmonic Orchestra of Liège with Christian Arming, awarded an ‘Editors Choice’ from Diapason, and the CD *Kreutzer Sonata* with duo partner Nikolaas Kende, awarded a ‘Gold Label’ from Klassiek Centraal.

After an invitation from Yehudi Menuhin when she was 14 years old, Jolente studied at the Yehudi Menuhin School near London. She continued her studies in London, Berlin and Waterloo where she graduated in the class of Augustin Dumay in 2013.

Since 2018 Jolente is professor violin at the Conservatory of Tilburg, the Netherlands and since 2021 also at the Royal Conservatory of Antwerp. Jolente has given masterclasses in Belgium, Germany, Italy, Texas and California.


“Poet in every inch of his fingers” - *Le Progres*

NIKOLAAS KENDE has been praised for his poetic playing and honest, passionate musicality. Critics have honored his sensitive and visionary musicianship and his flawless skills always serving the music. Both as soloist and chamber musician he is a highly demanded pianist on international concert stages.

A winner of several competitions, including the Cantabile, EPTA, Vriendenkrans Concertgebouw Amsterdam and Tenuto competitions, Nikolaas started performing in all major halls in Belgium and the Netherlands. Highlights included the performances of the piano concertos by Brahms, Beethoven, Chopin, Schumann and Bartok with Brussels Philharmonic, Antwerp Symphony Orchestra, National Radio Orchestra Romania, among others.

After a concert at the Festival de Dansa y Musica Granada in 2019 *Ideal* wrote: "This promising pianist caresses the keyboard, expressive with colors and tender with the melody and all the degrees of affection that typify the romantic soul."

Besides being a regular guest at the Festival of Flanders, he has also performed at festivals in Italy (Ravello, Rome, Bari), France (Menton, Montpellier, Vexin), Portugal (Coimbra), Germany (Görlitz, Munich, Bad Berleburg) , Austria (Salzburg), Ireland (Westport), UK (Cotswolds), Czech Republic (Prague), Spain (Zaragoza, Madrid).

Nikolaas made his debut in America in 2009 with the 1st piano concerto of Brahms. This debut was well received in the press, “One could almost imagine a young Brahms at the keyboard doing precisely the same thing: more intent on communicating his piece than dazzling listeners with his performance.” Since then he has returned to America annually and has toured in Texas (Houston, Austin, San Antonio), California (San Francisco, Fresno, LA) and Vermont, Florida, California, Texas, Washington DC and New York. In 2019 amongst others his debut for the 'Dame Myra Hess Memorial Concerts' in Chicago. He also performed in the Netherlands Antilles, Canada and South Africa, where several tours followed.

In 2018 he made his debut in China with recitals in Bejijng, Harbin, Chongqing and Chengdu. Concerts in Shanghai, Xi'An, Yangzhou and Guangzhou followed in 2019. Also for the next seasons, concerts are planned in North America, Canada, South Africa and China.

As a chamber music partner he was a member of the Narziss und Goldmund trio and the Rubens Ensemble. His duo with violinist Jolente De Maeyer, which exists for almost 20 years, is often praised in the press for its exceptional synergy and harmony. The duo's debut CD *Kreutzer Sonata* was released by Warner and won a Golden Label from Klassiek Centraal for best chamber music album of 2016. De Standaard wrote about this: "You want to listen to this captivating recital album again immediately after the last track." In 2020 their next CD *Remains* was released by Evil Penguin Records.

Nikolaas studied in Antwerp with his parents, Heidi Hendrickx and Levente Kende, in Amsterdam with Jan Wijn and in Munich and Fiesole with Elisso Virsaladze. In addition he studied with such artists as Murray Perahia, Aldo Ciccolini and Radu Lupu.

In 2015, Nikolaas was appointed professor of piano at the Royal Conservatoire of Antwerp. He has given masterclasses in Belgium, Germany, Italy, Portugal, Texas, California and China.

Event Begins: Thursday, November 14, 2024 4:00pm
Location: Detroit Observatory
Organized By: Bentley Historical Library

When new University of Michigan president C.C. Little arrived in Ann Arbor in 1925, American universities were in the midst of a great transition, revamping their admission systems to limit the number of Jewish students on their campuses. Professor Karla Goldman will discuss the status of Jewish students at Michigan during this period and how President Little, well known as a eugenicist, actually resisted some of the racist and antisemitic assumptions of his time. His tenure illustrates the long and complicated history of inclusion and exclusion at U-M and in American higher education.

Karla Goldman is the Sol Drachler Professor of Social Work and Professor of Judaic Studies at the University of Michigan where she also directs the Jewish Communal Leadership Program. Her research focuses on the history of American Jewish experience with special attention to history of varied Jewish communities and the evolving roles and identities of American Jewish women. She previously taught at Hebrew Union College-Jewish Institute of Religion in Cincinnati and served as historian in residence at the Jewish Women’s Archive in Boston. She is the author of Beyond the Synagogue Gallery: Finding a Place for Women in American Judaism (Harvard University Press, 2000).

Event Begins: Thursday, November 14, 2024 4:00pm
Location:
Organized By: University Career Center

Have you ever been interested in being a part of a Fortune 100 retailer supporting the heart of the business? If so, The TJX Companies, Inc., the parent company of TJ Maxx, Marshalls, HomeGoods, HomeSense, and Sierra are looking for enthusiastic and committed individuals from a broad range of backgrounds and experiences to join our Merchandising team as we believe it is important thatour workforce reflect the diversity of our customers and the communities we serve. Merchandising is the heart of our business. Our Buying and Planning & Allocation teams work together to drive sales and profit for TJX. They create the “WOW” you find in our stores!Ifyou have an entrepreneurial spirit and are passionate about blending youranalytical and creative mindset to drive a business, we are currently recruiting Sophomores and Juniors for our Merchandising Internship Program for Summer 2025.Please see below to review our opportunity. Should you choose to apply, we will be reviewing your resume and be in touch with any next steps.CLICK HERE TO APPLY TODAY! 

Event Begins: Thursday, November 14, 2024 2:00pm
Location:
Organized By: University Career Center

Join us for a special Veterans Panel where PCC employees who have transitioned from military service to civilian roles share their personal journeys. This discussion will highlight the unique strengths veterans bring to the workplace and the ways in which PCC fosters an environment that values their contributions. Whether you're a veteran or interested in how military skills translate to corporate success, this is a conversation you won't want to miss.  

Event Begins: Thursday, November 14, 2024 1:00pm
Location:
Organized By: University Career Center

Are you an accounting major looking to learn more about theopportunities at KPMG? Are you unsure where you fall in KPMG’s recruiting timeline? If so, please join us for Accounting Chats with KPMG Recruiters!We at KPMG want to get to know you better and hear about your professional goals. During this virtual event, you will have the opportunity to meet with members of the KPMG recruiting team. We can review the KPMG recruiting process, discuss the various KPMG career paths for accounting students, and of course, answer any questions you might have.You are not required to attend the entire 2-hour event – stop by as your schedule allows!If you have any questions about the event, please don't hesitate to reach out. We hope you can join us!

Event Begins: Thursday, November 14, 2024 1:00pm
Location:
Organized By: University Career Center

In 2015, Johnson & Johnson launched WiSTEM2D – Women in Science, Technology, Engineering, Math, Manufacturing, and Design (STEM2D) – initiative to promote learning and career opportunities in STEM2D disciplines. Led by a network of volunteers from across Johnson & Johnson and its local operating companies, this ambitious initiative seeks to promote learning across Youth, University and Professionals.  We are inviting university students to participate in a WiSTEM2D Virtual Event – Leadership Development Program Panel! Participants will hear fromfive female panelists working in a variety of pharmaceutical and medical technology roles at Johnson & Johnson, on the topics noted above, as well as an opportunity to submit questions.- Meredith DiBona, Associate Director – Global Trial Associate Leadership Development ProgramLead- Erin McGrann, Global Trial Associate (GTA) – Global TrialAssociate Leadership Development Program- Kaiya Mitchell, Global Trial Associate (GTA) – Global Trial Associate Leadership Development Program- Nora Tovar, Early In Career Programs Manager, MedTech – R&D Leadership Development Program- Saila Incollingo, IT Director, MedTech – Technology Leadership Development Program

Event Begins: Thursday, November 14, 2024 12:00pm
Location:
Organized By: University Career Center

The Pro Football Hall of Fame is proud to offer a series for learners in high school, college and beyond! “Before the Snap” gives an insight to professional careers in and around the NFL, while giving the live viewing audience the opportunity to interact with an industry expert.Our special guest is Jim Porter, who currently serves as the President and CEO for the Pro Football Hall of Fame.We will be streaming the program LIVE on the Pro Football Hall of Fame’s YouTube page and will take questions from students across the country throughout the program. To participate, all you will need to do is: - Visit https://www.youtube.com/user/ProFootballHOF at 12:00pm ET on Thursday, November 14, 2024 to view the program. -To ask a question, comment on the post with the following information:*  Name of School (if applicable)*  Location*  Question for Industry ExpertIf youhave any questions, do not hesitate to reach out! You can contact me at 330-588-3558 or by email at Jacob.Ray@ProFootballHOF.com

Event Begins: Thursday, November 14, 2024 12:00pm
Location: Palmer Commons
Organized By: Life Sciences Institute (LSI)

Molecular compartmentalization is vital for cellular physiology. For instance, proteins for intercellular adhesion and communication are localized to the cell surface while many energy-producing enzymes stay in the mitochondrion. High-resolution, proteome-wide mapping of protein localization is of core importance for understanding cellular organization and processes.

In this talk, Jiefu Li, Ph.D., will describe an end-to-end pipeline for in situ cell-surface proteomics, from chemical and transgenic tools to a user-friendly platform for data analysis, and present how in situ cell-surface proteomics of developing brains discovers “outside-the-box” regulators of neuronal wiring. Moreover, in vivo interactome mapping of key synaptic organizers uncovers the cellular and molecular mechanisms of synaptic matching and maturation and highlights the RhoGAP/RhoGEF as a signaling hub for synaptic development.

Speaker:
Jiefu Li, Ph.D.
Group Leader, 4D Cellular Physiology
Janelia Research Campus, Howard Hughes Medical Institute

Event Begins: Thursday, November 14, 2024 12:00pm
Location: Weiser Hall
Organized By: Center for Japanese Studies

Please note: This lecture will be held in person in room 1010 Weiser Hall and virtually via Zoom. This webinar is free and open to the public, but registration is required. Once you've registered, the joining information will be sent to your email. Register for the Zoom webinar at: https://myumi.ch/RmN4G

The Korean scholar-bureaucrats (yangban) have been drawing public attention among Japanese intellectuals since the beginning of the 20th century. This lecture reviews how Japanese magazines represented yangban, tracing how their image changed from the evil noblemen that kept Korean society stagnant to the graceful embodiers of vanishing authentic Korean culture. Both these images, and even the transition from one to the other, were driven by a Japanese version of orientalism.

Shimpei Cole Ota is a sociocultural anthropologist trained both in Seoul National University (ABD, 2003) and Osaka University (Ph.D., 2007). His basic question focuses on what brings drastic changes to societies and cultures, especially before and after modernization, liberalization, and globalization in South Korea and Korean America.

This lecture is made possible with the generous support of the U.S. Department of Education Title VI grant.

If there is anything we can do to make this event accessible to you, please contact us at umcjs@umich.edu. Please be aware that advance notice is necessary as some accommodations may require more time for the university to arrange.

The Chicago Transit Board today approved an amendment to an agreement with JRTC Holdings, the firm tasked with redeveloping the former James R. Thompson Center, which will result in major changes for the Clark/Lake Loop Elevated station.

This week's interview is with Kingsburg Student Ministries Pastor, Coleman Diffenderfer. The Crew sits down with Coleman to discuss how being a youth pastor in Kingsburg is going and what it's like being a new father. The Crew also discusses their thoughts from the Generations Series. Email thespoutpodcast@gmail.com with any feedback or leave a review on iTunes. Like The Well - Spoutcast on Facebook, find us on Twitter: @thespoutcast, or add us on Instagram: @thespoutcast. Check back in with the Spoutcast each week for a new episode or search Spoutcast in iTunes to subscribe to this podcast. This week's music is Christmas music. Speaker: The Spoutcast Team

We visit an old episode where Christian interviews his best friend Taylor Allen, and Jayne is on the show for her second appearance. It's an oldy, but a goody! In this episode, the Spoutcast Crew interviews Taylor Allen about his podcast The Movie Argument. They also discuss their favorite comedies, and Jayne Fossett fills in to chat about Mike's sermon on God providing "just enough." Also Dave Johnson drops by to discuss some news with the team, and they talk Spoutcast T-Shirts. Please email thespoutpodcast@gmail.com or call/text 559.321.SPOUT [7768] with any stories of things you are learning from the The Well, or send in your 1&Y. This week's 1&Y is your most visited website besides Facebook. Like The Well - Spoutcast on Facebook, or find us on Twitter: @thespoutcast. Check back in with the Spoutcast each week for a new episode or search Spoutcast in iTunes to subscribe to this podcast. This week's music is from Hanson. Speaker: The Spoutcast Team

Jesus In The Temple by Master Peace Collection is a(n) Limited Edition. The Edition is Limited to N/A pcs

Jesus Before Pilate by Master Peace Collection is a(n) Limited Edition. The Edition is Limited to N/A pcs

Elon Musk will co-lead a newly created Department of Government Efficiency in the Trump administration, president-elect Trump said late Tuesday. According to Trump’s press statement, the Department of Government Efficiency will […]

Airtron Canada announced that it has been selected to perform HVAC and building automation systems (BAS) maintenance services for more than 600 Ontario government buildings. That translates into 21 million square feet of facilities in buildings such as office buildings, laboratories, and correctional facilities.

Direct Energy Home Services announced it will be the exclusive HVAC contractor for Alberta Home Services providing its customers with repair and replacement of HVAC equipment. Alberta Home Services announced it will be the exclusive duct cleaning contractor for Direct Energy Home Services.

Ameresco Inc. announced that it has partnered with the National Research Council of Canada (NRC) on a new energy savings project. The $3.9 million (CAD) comprehensive energy efficiency and facility renewal project at NRC research facilities is expected to save over $330,000 annually in utility costs.

The family of moisture meters from General Tools & Instruments features a variety of precision specialty instruments that are affordable, versatile and high-tech.

The October jobs report from Australia was not as strong as we have become accustomed to:

• Australian October unemployment rate 4.1% (vs. 4.1% expected)

It was not a poor report, just not another blockbuster!

AUD/USD is not a lot changed. Earlier we had Reserve Bank of Australia Governor Bullock sounding not dovish:

• RBA Bullock says rates are restrictive enough, staying there until confident on inflation

Japan's former vice minister of finance for international affairs, Masato Kanda was reported with comments on Wednesday ICYMI.

• currency market volatility had increased reflecting recent changes in monetary policies and political situations in major countries
• "There is no change to our stance that we will need to respond appropriately to excess movements on the currency market as excessive foreign exchange volatility is undesirable"

His comments have not slowed the yen decline:

***

Kanda is now a special adviser to Prime Minister Shigeru Ishiba and the finance ministry., said in an interview that currency market volatility had increased reflecting recent changes in monetary policies and political situations in major countries.

Still no efforts from Japan to talk up the yen.

The USD is stronger pretty much everywhere.

USD/JPY has pooped above 156.00 and its straddling thereabouts as I post.

No fresh news apart from whats been posted. Not that any is needed right now.

Noting this, report comes from Japan media (Sankei) via Reuters:

• Japanese government to compile a supplementary budget of about 13.5 trillion yen ($87 billion)
• to fund a stimulus package to help low-income households and offset rising prices
• government would provide 30,000 yen to low-income households that are exempt from residential taxes and 20,000 yen per child for households with families

That makes it a congressional red sweep and the question now is just how much of a majority will they command in the House? The latest NYT projections here show Republicans do have the needed 218 seats claimed for a majority. However, there are still 9 seats yet to be called.

There are some seats such as Iowa 1 and California 45, which are toss ups, that could go to a recount and take a longer time to settle due to the current margins. For some context, here is a list of the more competitive districts as a reference.

But even if you give those two to the Democrats, Republicans will at least snag Alaska 1 to end with 219 seats. That is the bare minimum that they should win with when all is said and done.

The dollar continues to push higher in the post-election period and in the case of USD/JPY, that momentum is helped by higher yields as well. The pair has been on a tear since October trading, racing up from 143.00 all the way to touching 156.00 earlier today. The break above 155.00 yesterday is a crucial one, signifying another breach of a key technical/psychological level.

When it comes to USD/JPY, there's always something about big figure levels. And this is arguably no exception.

With buyers clearing the key daily moving averages and 150.00 mark last month, the focus has been drawn on the 155.00 mark since. And inevitably with Trump winning the election, we've finally gotten there today.

And having done so, we're into a bit of a pocket of space with little to no technical resistance all the way to 160.00 potentially.

It doesn't mean we'll get there overnight but it does present an attractive level for buyers to take aim at. Nonetheless, the pace of any further gains will of course be another thing to be mindful of though.

That might invite scrutiny from Japan officials to verbally intervene. As for any real intervention threat, it's going to be tough to fight the underlying market momentum in play currently. So, I wouldn't imagine Tokyo trying that out - at least for the time being.

The bond market is once again going to be a key driver to be mindful of when it comes to USD/JPY. But for now, the overall dollar bullishness is also helping to underpin the pair rather strongly. That especially when the greenback is starting to creep up on some key technical levels in the bigger picture, as seen here with EUR/USD.

The pullback in gold continues to play out since the post-election period. The precious metal is now down for a fifth straight day in what is already easily its worst weekly showing so far this year. It has more or less been a case of waiting for said pullback to reach some key technical levels on the charts. And we're just about there already in trading today.

The 100-day moving average (red line) is the key technical focus right now and that is seen at roughly $2,543. The last time gold actually had a brush against the key level was all the way back in February. And the last time that gold traded back below either that or its 200-day moving average (blue line) was all the way back in October last year.

That underscores the breathtaking momentum that has been in play for gold all through this year so far.

As such, this makes the 100-day moving average an even more important technical juncture now. A break there will not only signify a break in the bullish bias in gold. However, it could set off another wave of selling that leads to an even bigger pullback.

Traders love key levels like these and USD/JPY is a good example of that when it broke its own 100-day moving average back in late July as well. The drop there of course owed to a myriad of other factors but the technical consideration certainly exacerbated things. And it could also be the case for gold when we get there in the sessions ahead.

I'm still an advocate for gold in the bigger picture of things. However, I would say dip buyers will need to be patient to let this correction run its course before coming back in. From earlier this week: Gold pullback might prove to be timely for dip buyers

Fundamental Overview

The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar.

The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically implying a lot more cautious approach on rate cuts in 2025.

The market is viewing all of this in light of the recent US election as Trump’s policies are likely to spur growth and potentially keep inflation above target for longer, making the Fed’s job of bringing inflation back to target a bit harder.

USDJPY Technical Analysis – Daily Timeframe

On the daily chart, we can see that USDJPY finally extended the rally into new highs helped by a hawkish comment from Fed’s Logan. There’s no strong technical resistance now at least until the 160.00 handle.

If we get a pullback, the buyers will likely lean on the trendline with a defined risk below it to position for a rally into the 160.00 handle. The sellers, on the other hand, will want to see the price breaking lower to start targeting a drop back into the 152.00 support.

USDJPY Technical Analysis – 4 hour Timeframe

On the 4 hour chart, we can see that we have a minor upward trendline defining the current bullish momentum. If we get a pullback, the buyers will likely lean on it to position for new highs, while the sellers will look for a break lower to target a break below the major trendline.

USDJPY Technical Analysis – 1 hour Timeframe

On the 1 hour chart, there’s not much else we can add as from a risk management perspective, the buyers will have a better setup around the trendline, while the sellers are better to wait for a technical break lower instead of trying to catch the top. The red lines define the average daily range for today.

Upcoming Catalysts

Today we have the US PPI and the US Jobless Claims figures. Tomorrow, we conclude the week with the US Retail Sales data.

See the video below

Citi analysts suggest that while the USD/JPY may briefly surpass ¥155, any sustained rally in the dollar against the yen could be capped by potential intervention from the Japanese government and anticipated rate hikes by the Bank of Japan.

• USD/JPY breach of ¥155, Citi notes that the Bank of Japan may have a stronger incentive to raise rates to 0.5% in its upcoming December meeting to counterbalance yen weakness.

• Despite current dollar strength, Citi maintains a bearish outlook for the USD/JPY in the longer term, suggesting limited upside for the pair heading into next year.

USD/JPY is extending its gains.

So far no intervention type comments out of Japan - rapid, speculative, excess volatility .... blah, blah, blah. Nope, nothing. Yet at least. I thought we would haves seen some open mouths by now.

The data is here from earlier:

• Australian October unemployment rate 4.1% (vs. 4.1% expected)
• AUD/USD little changed after the October employment report showed a steady jobless rate
  • (ps. AUD/USD has slid a little since this post, broadly stronger USD the culprit)

Westpac with the recap, in brief:

Australian labour market remains in relatively solid health

• employment growth slowing broadly in line with population growth
• average hours holding steady
• few signs that labour demand is capitulating to an extent that warrants concern
• labour market conditions remain somewhat tight ... this is not translating to stronger wage inflation pressures
• On balance, today’s update will see the RBA continue to remain focused on the dynamics around underlying inflation.

***

Speaking of the RBA, we heard from Bullock earlier, not dovish:

• RBA Bullock says rates are restrictive enough, staying there until confident on inflation

***

AUD/USD update:

Non policy-related comments.

Commercial Changes / Commercial viability

Unexpected increase in consumer demand