Japanese PM Takaichi is to meet with Australian PM Albanese to discuss energy and rare earths

The meeting between Japanese PM Takaichi and Australian PM Albanese signals a deepening of energy and materials cooperation, particularly in critical sectors like rare earths.

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Japanese PM Takaichi is to meet with Australian PM Albanese to discuss energy and rare earths

[MARKET UPDATE] Volatility seen in JPY, with USD/JPY instantly dipping from 156.95 to 156.59 before recoiling back to 156.87

[MARKET UPDATE] DXY edges to fresh session highs at 98.21 as USD/JPY rises above 157.00 once again (vs low 156.66) - with Japan on holiday between May 3rd-6th; other markets stable

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This alignment may enhance supply chain stability for both nations, potentially impacting commodities markets and trade dynamics in the region. Watch for any resulting commitments or agreements that could bolster production or exports, which might influence pricing and availability in those sectors.

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