Trump dangles tariff-funded stimulus, Ueda keeps BOJ options open.
- Federal Reserve speakers Friday include Logan, Williams, Jefferson
- European Central Bank President Christine Lagarde, board member Schnabel speaking Friday
- Bank of England Gov Bailey speaking on 'Macro-financial stability in a fragmenting world'
- Japan - Aggressive spender Takaichi and reformist Koizumi headline race to succeed Ishiba
- BoJ Gov Ueda: Want to support business activities by maintaining loose monetary policy
- Japan finmin Kato watching the impact from the US govmt shutdown with intense interest
- BoJ Gov Ueda says signs consumers are cutting back on spending due to rising food prices
- Bank Japan Governor Ueda signals conditional rate hikes as tariff risks weigh on outlook
- BoJ Gov Ueda: To raise rates if economy, prices, move in line with forecasts
- Nvidia’s U.A.E. chip deal stalls over U.S. investment demands and China concerns
- Oil market faces volatility as OPEC+, China and geopolitics pull in different directions
- Germany's Munich Airport closed - drones spotted over the airport
- Goldman leaves Henry Hub forecasts steady, eyes medium-term tightness
- Japan's August unemployment rate 2.6% (vs. 2.4% expected)
- All three Australian S&P Global PMIs fell in September, but remained in expansion
- Canada oil ICYMI - Alberta commits $14m to revive West Coast oil pipeline plan
- "Elon Musk's $1 trillion pay plan faces pushback from investors, state officials"
- ICYMI: White House wants equity-for-relief deals across 30 industries ahead of midterms
- Hey, hey, its NFP day! Oh .... wait ....
- ICYMI - Bessent flags growth hit from shutdown, soybean farmers to get support
- Trump considering $1000 to $2000 rebates for taxpayers with his tariff money
- investingLive Americas FX news wrap 2 Oct. USD moves higher as trader ponder the shutdown
President Trump said he is considering $1,000–$2,000 stimulus checks for all taxpayers, funded by tariff revenues.
BOJ Governor Ueda reiterated the bank’s flexible stance on policy, offering no clear signal ahead of this month’s meeting. USD/JPY had dribbled lower earlier to around 147.10 but soon ticked to 147.55/60 after Ueda’s remarks. It spent some time there before moving above 147.70.
Attention now turns to this weekend’s LDP leadership election. A Koizumi win could support the yen by reducing political uncertainty and opening the door to an October BOJ hike, while Takaichi’s “Abenomics”-style platform points to looser policy.
Elsewhere, other major FX pairs held to narrow ranges.
Asia-Pac stocks:
- Japan (Nikkei 225) +1.5%
- Hong Kong (Hang Seng) -0.8%
- Shanghai Composite Closed for Golden Week holidays
- Australia (S&P/ASX 200) +0.4%
