Japan's Finance Minister Katayama said to intensify communication with Bessent

Goldman Sachs’ FICC revenue fell 10% as Iran war-driven volatility hit its rates desk, with losses on positions held during market swings, while rivals posted strong gains from heightened trading activity.

PBOC is expected to set the USD/CNY reference rate at 6.8190 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.

White House officials are urging major oil companies to boost output as Iran conflict-driven supply disruptions push crude above $100 and lift US gasoline prices, adding pressure ahead of midterm elections, Politico reports.

The Pentagon is in talks with US automakers and manufacturers to boost weapons production as conflicts in Ukraine and Iran deplete stockpiles, in a push to expand the defence industrial base, WSJ reports.

Japan's Finance Minister Katayama said to intensify communication with Bessent Dropping the B word in is more forceful verbal intervention

ECB officials are leaning toward holding rates in April, opting to wait for clearer evidence on the Iran war’s impact, even as markets continue to price further rate hikes later this year, Bloomberg reports.

IMF says the BOJ can look through Iran war-driven inflation, with limited second-round effects, allowing gradual rate hikes to continue as inflation still converges to the 2% target by 2027.