Japan's Top FX Diplomat Mimura does not comment on FX intervention but says FX is being closely watched and are in daily contact with US authorities
Japan's top FX diplomat, Mimura, has noted that FX markets are being monitored closely, indicating heightened sensitivity to currency fluctuations, although he refrained from commenting on intervention specifics.
PBoC is expected to set USD/CNY mid-point at 6.8087 (prev. 6.8562)
[MARKET UPDATE] Nikkei 225 gains by over 4% as its returns from its extended holiday as Iran war optimism and tech gains support the index
Japan's Top FX Diplomat Mimura does not comment on FX intervention but says FX is being closely watched and are in daily contact with US authorities
[MARKET UPDATE] Asia-Pac bourses open higher (ASX 200 +1.0%, Nikkei +1.2%, KOSPI +1.6%); US equity futures hold onto its mild losses; FX, WTI and Fixed Income trades in tight ranges
The US and China are considering launching official discussions on AI when US President Trump visits China next week, WSJ reports citing sources
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- IMF's classification of free floating regime does not restrict frequency of intervention.
- Will not comment on FX levels.
- Too early to comment on US Treasury Secretary Bessent's upcoming visit.
His daily communication with US authorities suggests potential alignment or coordination on currency policies, which could have implications for the yen's stability and overall market sentiment. This cautious stance may signal to traders the government's readiness to act if needed but without committing to specific measures at this time.
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