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Tuesday, October 28, 2025

European Markets Wrap-Up: USD/JPY dribbles lower as Trump comes to visit Tokyo

Tuesday, 28 Oct, 2025

Forex

USD/JPY dribbles lower as Trump comes to visit Tokyo

USD/JPY is now testing waters below the 152.00 mark, down 0.6% on the day as Trump marks his visit to Tokyo. The drop today owes to some verbal intervention here , but also as the US offers a not-so s

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News

US Treasury secretary highlights need for 'sound' monetary policy in talks with Japan

In their meeting, Bessent underscored the importance for Japan to have 'sound' monetary policy formulation and communication in anchoring inflation expectations. All that so as to prevent any excess "

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Central Banks

Fed to cut rates and retain an easing bias this week - Morgan Stanley

Morgan Stanley expects the Fed to deliver a second consecutive 25 bps rate cut this week, bringing the Fed funds rate to 3.75% to 4.00%. The absence of major US economic data amid the government shutd

Forex

Japan/US preparing release of fact sheet including potential investment projects in the US

Japan and US governments preparing release of fact sheet including potential investment projects in the US, senior Japanese government official says fact sheet to include power generation and automobi

News

investingLive Asia-Pacific FX news wrap: Yen strengthens, Trump's in town!

S&P rates Saylor's Bitcoin firm "B-", 'junk', first credit grade for crypto treasury firm Nomura sees recurring tension/truce cycle as new normal in U.S./China ties Trump and Takaichi have signed

Cryptocurrency

S&P rates Saylor's Bitcoin firm "B-", 'junk', first credit grade for crypto treasury firm

S&P Global Ratings has assigned Michael Saylor's Bitcoin-focused company, Strategy, a "B-" credit rating, placing it in the speculative, non-investment-grade category often referred to as "junk."

News

Nomura sees recurring tension/truce cycle as new normal in U.S./China ties

U.S./China relations are likely to remain locked in a recurring pattern of confrontation and compromise, according to Nomura's Chief China Economist Lu Ting. Lu said the world's two largest economies

News

Trump and Takaichi have signed their framework for securing critical mineral supply

Trump and Japanese Prime Minister Takaichi sign on framework for securing the supply of critical minerals and rare earths. This was flagged as to happen today, and here it is. White House statement: U

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Central Banks

PBOC sets USD/ CNY central rate at 7.0856 (vs. estimate at 7.1029)

The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate sy

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