Japanese Finance Minister Katayama says prepared to take decisive steps on FX
Japanese Finance Minister Katayama's remarks indicate a readiness to intervene in the foreign exchange market.
Saudi official television reported that 34 drones were intercepted within one hour in the eastern region of Saudi Arabia
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Taiwan mature node chipmakers are said to plan a price increase of more than 10%
Japanese Finance Minister Katayama says prepared to take decisive steps on FX
PBoC is expected to set USD/CNY mid-point at 6.9061 (prev. 6.9007)
[MARKET UPDATE] Asia-Pac stocks begin mixed at the start of a busy week of central bank meetings and following the continued Iran conflict after the US struck military targets in Iran's key oil export hub but left oil infrastructure intact
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This suggests growing concern over currency volatility and its potential impact on Japan's economy, particularly regarding exports. Traders should watch how this positions the yen and its correlations with commodities, especially metals and materials, as any intervention can trigger significant short-term volatility.
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