Japan’s Hayashi: Closely watching market moves with a sense of urgency

Japanese Chief Cabinet Secretary Yohsimasa Hayashi said on Monday that he is “closely watching market moves with a sense of urgency.”

Additional quotes

"Share prices are determined by various factors including economic situation, corporate activity."

"US tariffs expected to bring big impact to Japan-US economic relations."

"Will continue to urge us to review tariff measures."

Market reaction

USD/JPY was last seen trading at 146.42, still down 0.11% on the day.

Apr 7, 2025

PBOC boosts Gold reserves for the fifth consecutive month

The latest data published by the People’s Bank of China (PBOC) on Monday showed that the Chinese central bank increased its state Gold reserves for the fifth consecutive month.

USD/INR gains ground as Trump-induced tariffs storm intensifies

The Indian Rupee (INR) trades in negative territory on Monday. The local currency remains under pressure after US President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.