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24 May 2022

Japan’s Suzuki: Will take serious action in response to rising prices

Japanese Finance Minister Shunichi Suzuki said in a statement on Tuesday, “we will take serious action in response to pricing increases.”

“I intend to present an additional budget to parliament tomorrow,” he added.

Japan’s Prime Minister Fumio Kishida said last week that his government will double fiscal aid for Ukraine to $600 million in a coordinated move with the World Bank to back the country's near-term fiscal necessities damaged by Russia's invasion.

Market reaction

USD/JPY is rebounding in sync with the US dollar, currently trading at 127.97, up 0.08% on the day.

May 24, 2022

USTR Tai: Still working on next trade actions with China

United States Trade Representative (USTR) Katherine Tai said early Tuesday, “we're still working on next actions with China.” Additional comments “US
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May 24, 2022

S& 500 Futures, US Treasury yields portray cautious mood ahead of Fed’s Powell, PMIs

Global markets fail to conserve the week-start optimism as headlines surrounding China and the Fed weigh on sentiment during early Tuesday. Also chall
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