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October 12th - The UK government is developing a mandatory safety reporting and monitoring plan for cutting-edge artificial intelligence (AI). Kanishka Narayan, the Minister in charge of AI, is preparing to urge technology companies to strengthen their control over autonomous models. According to the Financial Times, citing sources familiar with the matter, Narayan will state in a speech on Monday that as companies develop more capable and autonomous AI models, more measures must be taken to address potential risks and establish more robust security mechanisms. Sources indicate that Narayan is expected to say the UK government is considering legislation requiring companies to grant advance testing access to the UK AI Security Institute before releasing their latest AI models. This institute is considered a leading global testing organization for cutting-edge AI models.According to the Financial Times, the Polish Foreign Minister stated that NATO should prepare for a potentially lethal "hybrid strike" from Russia.According to the Financial Times, the British government is developing plans to mandate safety reporting and monitoring of cutting-edge artificial intelligence, and the minister in charge of the technology is preparing to require companies to implement stricter controls on autonomous models.On October 12th, the Central Political and Legal Affairs Commission issued the "Opinions on Strictly Investigating and Punishing Crimes Endangering Food Safety According to Law," outlining requirements for political and legal organs to strictly investigate and punish such crimes. The "Opinions" put forward three requirements regarding the strict investigation and punishment of crimes endangering food safety by political and legal organs: First, highlight key areas of focus. Focus on key areas of high public concern such as meat products, school food, health food, and fruits and vegetables; and key links such as production and processing, online sales, terminal catering, and food imports. Thoroughly investigate case leads, severely punish criminals, and send a strong signal of strict punishment according to law. Second, adhere to strict law enforcement. Requirements are put forward for strict law enforcement throughout the entire process and all stages of criminal proceedings, including investigation, arrest, prosecution, trial, and execution of sentences. It requires strict control over the application of probation and exemption from criminal punishment, and severe punishment for serious cases with egregious impact. Third, strengthen supervision and guidance.The UAE Presidents advisor stated that actions against Saudi Arabia have undermined the security of the UAE and all Gulf states. There is an urgent need to restore joint operations among Gulf states, particularly in security and defense.

USD/JPY Price Analysis: To consolidate as a doji near the YTD highs near 125.70 looms

Larissa Barlow

Apr 13, 2022 10:03

  • Despite its strong association with US Treasury yields, the USD/JPY trades in a range of 125.30 to 70.

  • Forecast for the USD/JPY exchange price: Although the bias remains upward, a doji near the year-to-date highs might pave the way for lower prices.

 

As the Asian Pacific day begins, USD/JPY is practically flat, up 0.05 percent, but still short of the YTD highs near 125.77, as Tuesday's price action formed a doji, implying indecision. The USD/JPY is now trading at 125.48.

 

On Tuesday, the USD/JPY hovered above 125.45 but fell rapidly on the release of mixed US inflation readings, albeit hotter than expected; the numbers were in line with forecasts.

USD/JPY Forecast: Technical Price

The USD/JPY is now trending upward, as indicated by the daily chart. A doji near the YTD highs, on the other hand, may pave the way for a correction down.

 

Meanwhile, the USD/JPY 1-hour chart indicates the pair has established a double top, but the pair may stabilize in the 125.30-77 range after breaking over 125.35.

 

The initial upward resistance for the USD/JPY would be 125.56. A break of the latter would reveal the convergence of the YTD high and the R1 daily pivot point near 125.77-80. Once cleared, 126.00 would be the next line of defense for JPY bulls.

 

On the other hand, the initial level of support for the USD/JPY would be the confluence of the 50-hour simple moving average (SMA) and the daily pivot at 125.28-30. A strong break would pave the way to the S1 daily pivot level of 124.81, followed by the 100-hour SMA level of 124.64.

 

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