FX option expiries for Wednesday May 27 at the 10am NY cut

Japan basically confirmed FX intervention for first time in nearly two years after yen breached 160/USD, sending it 3% higher to 155.5. Mimura warns further action possible during Golden Week. US and Japan in extremely close contact on markets.

Valero Energy swings to $1.3B profit on strong refining margins; raises dividend 6%.

Alphabet & Caterpillar soar on strong earnings, while Meta dips on AI investment fears. Oil prices stabilize.

Axios:Trump received briefing on plans for possible military action against Iran

SpaceX eyes $1.75T IPO in 2026, offering retail investors 30% share access. ETF XOVR holds 23.49% SpaceX.

SanDisk's AI boom fuels 360% gains! $42B in contracts aim to smooth price cycles. Buyback adds fuel.

ASEAN economic ministers warn Middle East war threatens regional energy security and growth. Strait of Hormuz carries ~25% of global seaborne oil and LNG; over 80% destined for Asia. Freight, insurance and logistics costs rising sharply.