Japan PM Ishiba: No change to our stance on U.S. tariffsJapan Prime Minister Ishiba held phone talks with TrumpChina Council for Promotion of International Trade president met with JP Morgan CEO DimonIran's Foreign Minister lays down conditions for a deal with the US ahead of weekend talksS&P 500 Futures Analysis TodayTSMC warns US chip tariffs could undermine its Arizona investmentChinese Vice Foreign Minister Ma Zhaoxu & US Deputy Sec State Landau spoke ThursdayThe USD is losing some ground in Asian tradePBOC sets USD/ CNY reference rate for today at 7.1919 (vs. estimate at 7.2151)Japan Akazawa: Japan to request elimination of US tariffs, but want to reach agreementMajor US banks are exploring whether to team up to issue a joint stablecoinJapan's new farm minister aims to cut 5kg rice prices below ¥3,000Japan economy minister Akazawa heading back to the US around May 30 for more trade talksFederal Reserve Chair Powell is speaking on SundayUS economy to worsen in H2 2025 ... 'payback' timeJapan April CPI remains well above the Bank of Japan target rateUK consumer confidence improves a little in May, still deeply pessimistic at -20US Deputy Secretary of State spoke with Chinese counterpart on ThursdayNew Zealand Retail Sales Q1 2025 0.7% y/y (prior 0.2%), 0.8% q/q (expected 0.1%)UBS lifts S&P 500 target on strong earnings and economic outlookECB's Lagarde says must question links of dependency that we have with the United StatesJP Morgan highlights signs of recovery and renewed foreign interest in ChinaICYMI - Morgan Stanley expects the S&P 500 to reach 6,500 by mid-2026US Supreme Court allows Trump to fire heads of independent agencies, does not apply to FedTrade ideas thread - Friday, 23 May, insightful charts, technical analysis, ideasJapan Kato: There were comments from some G7 countries about need to ensure fiscal healthBoJ Governor Ueda says shared with G7 that should be highly committed to price stabilityStocks close mixed with the Dow and S&P little changed. Nasdaq higher.Reserve Bank of New Zealand expected to cut its cash rate on May 28, almost unanimous viewForexlive Americas FX news wrap: Yields reverse lower, bitcoin hits record near $112K
From Canada, where the G7 is finishing, we heard again from Bank of Japan Governor Ueda. He reaffirmed the Bank’s hands-off stance on Japanese Government Bonds, even as yields on super-long dated securities climb to record highs. His comments align with those of BoJ Board member Noguchi, who said the Bank should only ramp up bond purchases during “severe market disruption.”
On trade, Economy Minister Akazawa is due back in Washington around May 30 for a fourth round of talks. Both he and Prime Minister Ishiba reiterated Japan’s demand for US tariff removal, while also emphasising Japan’s national interests. Akazawa expressed a desire to reach an agreement—but it won’t be easy.
Looking to the weekend, indirect nuclear talks between Iran and the US are set to resume in Rome. Iran’s Foreign Minister laid out stark terms:
“Zero nuclear weapons=we DO have a deal. Zero enrichment=we do NOT have a deal.”
Expect headlines early Monday in Asian markets, with oil likely to react.
Lastly, US debt concerns continue to ripple globally. Bangko Sentral ng Pilipinas Governor Eli Remolona is reportedly considering reducing Philippine holdings of US Treasuries, according to Bloomberg, following the Moody’s downgrade. If he’s thinking it, others likely are too.
EUR/USD rose during the session:
This article was written by Eamonn Sheridan at www.forexlive.com.
Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive Asia-Pacific FX news wrap: Japan core CPI rising fastest in two years )
Also on site :