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14 Apr 2025

Japan’s PM Ishiba: US tariffs have the potential to disrupt the world economic order

Japanese Prime Minister (PM) Shigeru Ishiba warned on Monday that “US tariffs have the potential to disrupt the world economic order.”

Meanwhile, the country’s Finance Minister Shunichi Kato said that “the US and Japan share the view that excessive FX volatility is undesirable.”

“FX rate to be determined by markets,” Kato noted further.

Japan's Economy Minister Ryosei Akazawa stated that the FX issues will be dealt with between Finance Minister Kato and US Treasury Secretary Scott Bessent.

Apr 14, 2025

EUR/USD remains subdued around 1.1350 after two days of gains

The EUR/USD pair edges lower during Asian trading hours on Monday, hovering around 1.1360 after posting gains in the previous two sessions.
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Apr 14, 2025

PBOC sets USD/CNY reference rate at 7.2110 vs. 7.2087 previous

On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2110 as compared to Friday's fix of 7.2087 and 7.3251 Reuters estimate.
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