Japanese Finance Minister Katayama says details of the planned sales tax cut have not been decided; JGB rout appears to have receded

• Have been in constant contact with US Treasury Secretary Bessent.
• Closely monitoring financial markets with a high sense of urgency. 

The comments from Japan's Finance Minister highlight ongoing discussions around a potential sales tax cut, yet with no details finalized, the uncertainty remains a concern for the markets. The noted easing of the JGB rout suggests a temporary stabilization, which may impact investor sentiment across various asset classes, including commodities. This could also lead to shifts in how traders position themselves relative to Japanese interest rates and the broader economic landscape.