Japan warns on “sharp, one-sided” yen moves as Kihara signals heightened urgency. Kihara’s remarks raise the verbal-intervention temperature, he has chosen high impact words. But, USD/JPY is at its session high.
RBA warns against overreacting to volatile inflation as Hunter flags structural shifts RBA’s Sarah Hunter says monthly inflation is too volatile for overreaction. Recent inflation surprises have complicated the case for further easing.
Despite a hawkish sounding BoJ board member Koeda the yen has fallen further, 157.40 Koeda has voted at 5 board meetings, each time to hold. She sounds more hawkish today.
BOJ’s Koeda signals need for further tightening as inflation holds near 2% Koeda’s comments lean hawkish and may support JPY at the margin, reinforcing expectations of further BOJ tightening
PBOC sets USD/ CNY reference rate for today at 7.0905 (vs. estimate at 7.1201) PBOC CNY reference rate setting for the trading session ahead.
China kept its one-year and five-year LPRs unchanged at 3.0% and 3.5% for a sixth month, matching expectations. Policymakers remain cautious.
The IMF has urged Australia to revive a mining tax, lift the GST and remove exemptions to address rising debt. It also called for tighter spending and national fiscal coordination, even as growth is expected to improve in 2025–26.
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