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☆ Yen slides after sources say Bank of Japan leaning to holding key policy
▼ + stars: | 2023-07-21 | by ( Iain Withers | ) www.reuters.com time to read: +4 min

BoJ policymakers prefer to scrutinise more data to ensure wages and inflation keep rising before changing the policy, five sources familiar with the matter said. The report added there was no consensus within the central bank and the decision could still be a close call. The dollar was heading for its biggest one-day gain versus the yen since April, rising as much as 1.3% to a nearly two-week high of 141.95. Prior to the report, the dollar had been up around 0.3% versus the yen. The dollar index - which tracks the greenback against six major peers including the yen - was last up 0.3% at 101.040.

Persons: Kenneth Broux, Broux, Kazuo Ueda, Masato Kanda, Scherrmann, Iain Withers, Ankur Banerjee, Angus MacSwan, David Holmes Organizations: Reuters, Bank of Japan, Trade, FX, Societe Generale, Ministry of Finance, Federal Reserve, European Central Bank, Thomson Locations: Europe, United States, U.S, Singapore

The greenback was down 0.18% at 1104 GMT to 144.44 yen , after rising 0.27% on Monday. However, the yen remained close to last week's almost eight-month low of 145.07 per dollar, which prompted Japan's Finance Minister Shunichi Suzuki to warn against excessive yen selling. Market activity was relatively subdued with U.S. markets closed for the July 4 public holiday. Across currency markets, investors remained on watch for possible intervention by Japanese authorities to stem yen losses. Tan said the dollar is likely to rise past 150 yen, which would make intervention "more likely than not".

Persons: Shunichi Suzuki, Alvin Tan, Masato Kanda, Janet Yellen, Charu, Tan, Harry Robertson, Ankur Banerjee, Kevin Buckland, Shri Navaratnam, Emma Rumney, Christina Fincher Organizations: LONDON, Japan's Finance, U.S, Federal, U.S ., Asia FX, RBC Capital Markets, Reserve Bank of Australia, Australian, Treasury, Reuters, Saxo Markets, Japan, Bank, Bank of, Thomson Locations: SINGAPORE, Asia, Bank of Japan, London, Singapore

☆ Yen steady, markets on intervention alert; Aussie up before RBA decision
▼ + stars: | 2023-07-04 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

"This is sending signals that a coordinated intervention may be coming as yen continues to hover above 144 per dollar," said Charu Chanana, market strategist at Saxo Markets. "A coordinated intervention usually has a longer lasting impact on the yen than a unilateral intervention would have." RBA WATCHThe focus in Asian hours will be on the policy decision from the Reserve Bank of Australia (RBA). "We estimate that a hike would push up Aussie modestly by 0.8% so long as the post‑meeting statement was not dovish. The Australian dollar was at $0.668, up 0.16% against the U.S. dollar, while the New Zealand dollar was also up 0.16% at $0.616.

Persons: Shunichi Suzuki, Masato Kanda, Janet Yellen, Charu, Kristina Clifton, CBA's Clifton, Ankur Banerjee, Shri Navaratnam Organizations: U.S, Treasury, Saxo Markets, Bank, Commonwealth Bank of Australia, U.S . Federal, Reserve Bank of Australia, Reuters, Australian, U.S ., New Zealand, Thomson Locations: SINGAPORE, Japan, U.S, United States, U.S ., Tokyo, Singapore

☆ Gold listless as investors wait for Fed's June meeting minutes
▼ + stars: | 2023-07-04 | by ( ) www.cnbc.com time to read: +2 min

Bars of gold are seen at Krastsvetmet, one of the world's largest producers of precious metals, in Moscow, January 31, 2023. Spot gold was little changed at $1,921.39 per ounce by 0241 GMT, while U.S. gold futures were flat at $1,929.10. High interest rates discourage investment in non-yielding gold. Markets will also watch for minutes of the June 13 to14 FOMC meeting being released on Wednesday. While gold prices could recover to $1,940 before a potential drop lower, "the rates background remains a significant drag," Frappell added.

Persons: Nicholas Frappell, Frappell, Masato Kanda Organizations: U.S, ABC Refinery, Investors, Reserve Bank of Locations: Moscow, U.S, U.S . Federal

☆ Morning Bid: Zuckerberg takes on Musk; RBA stands pat
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +2 min

Musk and Facebook parent Meta CEO Zuckerberg have been egging each other into a mixed martial arts cage match in Las Vegas, with both billionaires trading jabs (online) last month. Beyond Silicon Valley, markets seem content to take it easy with a light data calendar and a U.S. holiday. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) inched higher, the dollar was firm, while the oil prices were steady. Since then, the yen has stayed below 145 but remains perilously close enough to keep markets nervy. The Reserve Bank of Australia chose to stand pat on interest rates after data last week showed consumer inflation slowed to a 13-month low in May.

Persons: Ankur Banerjee, Zuckerberg, Elon Musk, Shunichi Suzuki, Masato Kanda, Janet Yellen, Sam Holmes Organizations: Ankur, Facebook, Investors, U.S, Treasury, Reserve Bank of Australia, Reuters, Independence, Thomson Locations: Las Vegas, Silicon Valley, U.S, Asia, Pacific, Japan, Singapore

☆ Yen steady, markets on intervention alert, Aussie up before RBA decision
▼ + stars: | 2023-07-04 | by ( ) www.cnbc.com time to read: +3 min

The yen nudged up on Tuesday but remained vulnerable to more weakness, hovering near the key 145 per dollar level as markets were on alert for signs of intervention, while the Australian dollar moved up ahead of a central bank policy decision. "This is sending signals that a coordinated intervention may be coming as yen continues to hover above 144 per dollar," said Charu Chanana, market strategist at Saxo Markets. "A coordinated intervention usually has a longer lasting impact on the yen than a unilateral intervention would have." The focus in Asian hours will be on the policy decision from the Reserve Bank of Australia, or RBA. The Australian dollar was at $0.668, up 0.16% against the U.S. dollar, while the New Zealand dollar was also up 0.16% at $0.616.

Persons: Shunichi Suzuki, Masato Kanda, Janet Yellen, Charu, Kristina Clifton, CBA's Clifton Organizations: U.S, Treasury, Saxo Markets, Bank, Commonwealth Bank of Australia, U.S . Federal, Reserve Bank of Australia, Reuters, Australian, U.S ., New Zealand Locations: Japan, U.S, United States, U.S .

☆ Factbox: Japan's toolkit to combat sharp yen declines
▼ + stars: | 2023-07-03 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

ESCALATE VERBAL INTERVENTION - HIGHLY LIKELYJapanese authorities began jawboning markets this week, describing recent yen falls as "sharp and one-sided". If the pace of yen declines accelerates, authorities may escalate their warnings to promise "decisive action" against speculative moves. Such remarks, aired prior to Japan's previous yen-buying intervention last year, would signal that Tokyo was edging closer to directly intervening in the currency market. This means the chance of intervention will rise if the yen's declines are rapid and viewed as driven mostly by speculative trading. BOJ RAISES INTEREST RATES - HIGHLY UNLIKELYThe Bank of Japan (BOJ) has vowed to keep interest rates ultra-low to support the economy, even as inflation exceeded its 2% target for more than a year.

Persons: Masato Kanda, Leika Kihara, Tetsushi Kajimoto, Clarence Fernandez Organizations: Bank of Japan, Authorities, Thomson Locations: TOKYO, Tokyo, Asia, United States, Japan, U.S

☆ Asia pushes back on 'excessive' currency moves amid enduring dollar strength
▼ + stars: | 2023-06-29 | by ( Clement Tan | ) www.cnbc.com time to read: +5 min

Japan finance officials have warned all this week against the "excessive" depreciation of the Japanese yen . Contrasting moves in the world's major currencies — including the Japanese yen, the Chinese yuan and the U.S. dollar — underscore the variance in domestic interest rates and monetary cycles. Authorities may be buying the Japanese yen "with the rise in USD/JPY set to run further," she added. The Japanese currency was hovering at about 144 against the greenback in Asia trade on Thursday. The central bank allows the currency to trade within a narrow band of 2% from each day's midpoint.

Persons: Sheldon Cooper, Carol Kong, Masato Kanda, Shunichi Suzuki, Philip Wee, Adnan Zaylani, BNM, Goldman Sachs Organizations: People's Bank of, Getty, U.S ., U.S, Commonwealth Bank of Australia, Ministry, Bank of Japan's, Reuters, Finance, DBS, greenback, Japan's Finance, Bank Negara Malaysia, Central Bank Locations: People's Bank of China, Asia, Japan, China, Covid, Ukraine, Malaysian, U.S . Federal, Bank

REUTERS/Kim Kyung-HoonSINGAPORE/LONDON, June 28 (Reuters) - The yen was under pressure against most other major currencies on Wednesday, even as Japanese authorities said they could intervene to prop it up, while the Australian dollar dropped after data showed inflation eased in May. The U.S. dollar rose to 144.26 yen on Wednesday, a fresh seven-month high, while the euro climbed to a 15-year high of 157.98 yen. Meanwhile, the Australian dollar fell to a three-week low of $0.6618 after the local consumer price inflation rate slowed to a 13-month low in May. It was last down 0.78% at $0.6634, and the neighbouring New Zealand dollar fell 1.17% to $0.6090, its biggest daily fall in a month. A measure of core inflation in Australia also cooled, in a sign interest rates might not have to rise again in July.

Persons: Kim Kyung, Masato Kanda, Lee Hardman, Jerome Powell, Andrew Bailey, Christine Lagarde, Kazuo Ueda, Ankur Banerjee, Muralikumar Anantharaman, Jamie Freed, Emelia Organizations: National Printing Bureau, Bank of Japan, REUTERS, Hoon, U.S, MUFG, New Zealand, Traders, Bank's, U.S . Federal, Bank of England, Thomson Locations: Tokyo, Japan, Hoon SINGAPORE, LONDON, Australia, Europe, U.S, Singapore

☆ Yen under pressure; Aussie slides as inflation slows
▼ + stars: | 2023-06-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

"We are closely watching currency moves with a strong sense of urgency," Japan's top currency diplomat Masato Kanda told reporters on Wednesday. The yen was hovering around the seven-month low of 144.18 per dollar it touched overnight. Against the euro, the yen was pinned near the 15-year low of 157.93 it hit on Tuesday. Against sterling, the Asian currency was hovering around 183.25, just a shade below the 7.5-year low it touched on Tuesday. In the spot market, the onshore yuan opened at 7.2225 per dollar and was changing hands at 7.2285.

Persons: Masato Kanda, Carol Kong, Kong, Rodrigo Catril, Jerome Powell's, Powell, Andrew Bailey, Christine Lagarde, Kazuo Ueda, Ankur Banerjee, Muralikumar Anantharaman, Jamie Freed Organizations: Bank of Japan, Ministry, Finance, Commonwealth Bank of Australia, Federal, Fed, National Australia Bank, European Central Bank, Bank of England, Sterling, Thomson Locations: SINGAPORE, Japan, Sintra , Portugal, Tokyo, Singapore

☆ Asia shares subdued, yen shunned as euro shines
▼ + stars: | 2023-06-28 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

“The data indicated a firmer pace of residential, inventory, and equipment investment in the second quarter,” wrote analysts at Goldman Sachs. Markets imply a 90% probability of an ECB rate hike to 3.75% in July and a peak around 4.0%. That underpinned the euro at $1.0950, while keeping it near a 15-year peak of 157.97 yen. The dollar had hit a near eight-month top of 144.18 yen, before easing back to 143.96 as Japanese officials again protested against the yen’s weakness. Yet, a rally in the yen looks unlikely while the Bank of Japan maintains its super-easy monetary policy.

Persons: Kim Kyung, Jerome Powell, Christine Lagarde, Kazuo Ueda, ”, Advantest, Goldman Sachs, “, Masato Kanda, Ueda’s, Carol Kong, Brent firmed Organizations: SYDNEY, National Printing Bureau, Bank of Japan, REUTERS, European Central Bank, ECB, ANZ, Wall, Journal, Nvidia, Nikkei, Chip, Tokyo, Federal Reserve, CBA Locations: Japan, Tokyo, Portugal, U.S, Asia, Pacific, Beijing, Washington, China, Europe

☆ Asia shares hesitant, yen slide stokes intervention risk
▼ + stars: | 2023-06-28 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Markets imply a 90% probability of a rate hike to 3.75% in July and a peak around 4.0%. The euro responded by climbing to $1.0957, while surging on the low-yielding yen to a 15-year peak of 157.97. The dollar rose to a near eight-month peak of 144.18 yen, before easing back to 143.87 as Japanese officials again protested the weakness in the yen. Yet, a rally in the yen looks unlikely while the Bank of Japan maintains its super-easy monetary policy. “So we now see a higher risk Japanese authorities will step into the market to prop up the JPY.”In commodities, gold steadied at $1,915 an ounce, after finding support at the recent three-month low of $1,909.99.

Persons: Kim Kyung, Jerome Powell, Christine Lagarde, Kazuo Ueda, ”, Goldman Sachs, “, Masato Kanda, Ueda’s, Carol Kong, Brent firmed Organizations: SYDNEY, National Printing Bureau, Bank of Japan, REUTERS, European Central Bank, ECB, ANZ, Japan’s Nikkei, Nasdaq, Wall, Washington, Nvidia, Federal Reserve, CBA Locations: Japan, Tokyo, Portugal, U.S, Asia, Pacific, China, Europe

☆ US stock futures tip lower, yen stumbles and euro shines
▼ + stars: | 2023-06-28 | by ( Nell Mackenzie | ) www.reuters.com time to read: +4 min

“Maybe we’ll see some successes on inflation here and there, but it just won’t be enough,” said Rossiter. European inflation and rate hike hints from the Portugal meeting were also a focus for Tim Graf, head of EMEA macro strategy at State Street Global Advisors. “Recession probability models in the U.S. project a 55-70% to 65-70% probability we’ll get a recession in the next 12 months. Markets imply a 90% probability of an ECB rate hike to 3.75% in July and a peak around 4.0%. That underpinned the euro against the dollar at $1.095, while keeping it near a 15-year peak of 157.98 yen.

Persons: Jerome Powell, Kim Kyung, Christine Lagarde, Kazuo Ueda, ”, James Rossiter, Rossiter, Martins Kazaks, Tim Graf, they’re, we’ve, it’s, Graf, Masato Kanda, Brent Organizations: Federal, National Printing Bureau, Bank of Japan, REUTERS, Nvidia, Wall Street Journal, Commerce Department, Treasury, European Central Bank, TD Securities, ECB, Street Global Advisors, U.S . Locations: China, Tokyo, Japan, Portugal, “, Europe, London, U.S

At its peak in 2011, the swap deal was worth $70 billion. With both sides sitting on ample foreign exchange reserves, the swap deal is unlikely to be put into action anytime soon, he added. Masato Kanda, Japan's vice finance minister for international affairs also said the currency swap deal would promote co-operation. The bilateral finance talks were to have taken place every year under a 2006 agreement, but were last held in 2016. With China and North Korea growing concerns, South Korean President Yoon Suk Yeol met with Japanese Prime Minister Fumio Kishida in May, the third between the two this year, marking a thaw in years of icy relations between the Asian neighbours.

Persons: Yoon Suk Yeol, Kim Keon, Issei Kato, Shunichi Suzuki, Choo, Suzuki, Masato Kanda, Kanda, Fumio Kishida, Tetsushi Kajimoto, Jihoon Lee, Edwina Gibbs, Clarence Fernandez, Kim Coghill Organizations: Tokyo International, REUTERS, Japanese Finance, Korean, Japanese, South Korea, Thomson Locations: Korean, Tokyo, Japan, Seoul TOKYO, SEOUL, South Korea, Seoul, China, North Korea, South

☆ Japan, S.Korea to discuss FX swap deal in first finance talks since 2016
▼ + stars: | 2023-06-28 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

The swap deal expired in 2015 amid worsening relations over issues related to Japan's wartime occupation of the Korean Peninsula, and its restoration would symbolise the improvement in relations, analysts say. "We must strongly raise the momentum for historic improvement of Japan-South Korea relations. The ministers will also discuss global economic developments, infrastructure investment in developing countries, and the role both countries could play in multilateral financial cooperation. The bilateral finance talks, the eighth of their kind, were last held in 2016. Reporting by Tetsushi Kajimoto; Editing by Leika Kihara, Simon Cameron-Moore and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Yoon Suk Yeol, Kim Keon, Issei Kato TOKYO, Shunichi Suzuki, Choo Kyungho, Masato Kanda, Suzuki, Choo, Tetsushi Kajimoto, Leika Kihara, Simon Cameron, Moore, Gerry Doyle Organizations: Tokyo International, REUTERS, Japanese Finance, Korean, Thomson Locations: Korean, Tokyo, Japan, South Korea, China, North Korea, Ukraine

☆ Morning Bid: China gets weary of a weakening yuan
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

China, unencumbered as it is by global pacts and commitments on market rates, has reacted swiftly this week. State banks have sold dollars to slow the yuan's decline, and the mid-point for daily trade has also been adjusted. Likewise, when it's around the 145-150 levels, the yen tips the cost-benefit balance for Japan too. Japan's yen has weakened against the dollar so far this year significantly more than its regional counterparts. The yuan has slid more than 4% against the dollar so far this year.

Persons: Vidya Ranganathan, Masato Kanda, Muralikumar Organizations: Vidya, ECB's, Thomson Locations: U.S, China, Japan, ECB's Sintra

☆ Dollar pulls back from 15-month high vs rouble as Russia assessed
▼ + stars: | 2023-06-26 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

NEW YORK, June 26 (Reuters) - The dollar rose against the rouble on Monday, although it was off the 15-month high hit earlier in the session, while the Japanese yen gained modestly against the greenback following comments from the country's top currency diplomat. The Russian rouble weakened 0.90% versus the greenback at 84.40 per dollar after hitting its weakest level since March 2022. Rouble opens at 15-month low vs dollarThe dollar was softer against the yen, after Vice Finance Minister for International Affairs Masato Kanda said Japan was not ruling out any options in possible responses to excessive currency moves. The Japanese yen strengthened 0.11% versus the greenback at 143.52 per dollar. The Bank of Japan last intervened in the yen when it traded around 145 per dollar.

Persons: Vladimir Putin, Yevgeny Prigozhin, Putin, Edward Moya, Rouble, International Affairs Masato Kanda, jawboning, Moya, Christine Lagarde, Sterling, Chuck Mikolajczak, Mark Heinrich Our Organizations: YORK, Russian, International Affairs, Bank of Japan, European Central Bank, ECB, Central Banking, Thomson Locations: New York, Russian, Japan, Sintra, Asia, China, Beijing

It was the first time the BOJ summary showed a board member explicitly mentioning the need for an early debate of a tweak to YCC, which contrasts with Governor Kazuo Ueda's remarks ruling out any imminent change in policy. Under YCC, the BOJ guides short-term interest rates at -0.1% and the 10-year bond yield around zero as part of efforts to sustainably achieve its 2% inflation target. Some market players bet the central bank could tweak YCC, such as by widening the allowance band set around the 10-year yield target, as early as July to address market distortions caused by its huge bond buying. FRESH YEN WORRIESYCC is also blamed by some analysts for causing an unwelcome yen fall that pushes up raw material import costs. However, Kanda stopped short of saying Japan was ready to take "decisive action" - language he used shortly before Japan stepped into the currency market last year.

Persons: policymaker, Kazuo Ueda's, Ueda, Daisaku Ueno, MItsubishi UFJ, MItsubishi UFJ Morgan Stanley, YCC, Masato Kanda, Kanda, Shunichi Suzuki, Japan's, Leika Kihara, Shri Navaratnam, Sam Holmes Organizations: Bank of Japan, MItsubishi, MItsubishi UFJ Morgan, MItsubishi UFJ Morgan Stanley Securities, Finance, Thomson Locations: TOKYO, Japan, Asia

☆ Dollar steady as investors ponder over global rates, economic outlook
▼ + stars: | 2023-06-26 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Investors were also on guard after dramatic weekend events in Russia, though reaction in the currency market was subdued as they assessed the implications of the aborted mutiny. The euro was nursing its losses from last week and was last up 0.07% at $1.0902 in Asia trade. Flash Purchasing Managers' Index (PMI) data on Friday showed Britain's economy displayed signs of a slowdown this month but inflation pressures stayed high. Elsewhere, the Japanese yen rose 0.3% to 143.27 per dollar, though was not far from an over seven-month low of 143.87 hit on Friday. The offshore yuan languished near a seven-month low at 7.2162 per dollar.

Persons: Sterling, Bank of England stoked, Carol Kong, Masato Kanda, Vladimir Putin's, CBA's, Rae Wee, Gerry Doyle Organizations: Bank of England, Commonwealth Bank of Australia, PMI, U.S, U.S ., Bank of Japan's, Thomson Locations: SINGAPORE, Russia, Asia, Europe, U.S, Russian, Rostov, Moscow, CBA's Kong, China, Beijing

☆ Gold prices edge up on weaker dollar
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +2 min

June 26 (Reuters) - Gold prices edged higher in early Asian trade on Monday, helped by a weaker U.S. dollar, although chances of more interest rate hikes by the Federal Reserve this year to tame sticky inflation weighed on bullion's appeal. FUNDAMENTALS* Spot gold rose 0.3% to $1,926.29 per ounce by 0051 GMT. U.S. gold futures were up 0.3% at $1,936.10 per ounce* The dollar index was down 0.2%, making gold more attractive for buyers holding other currencies. * In his congressional testimony last week, Fed Chair Jerome Powell signalled more rate hikes ahead but vowed the central bank would proceed with caution. DATA/EVENTS (GMT)0500 Japan Leading Indicator Revised April0800 Germany Ifo Business Climate New June0800 Germany Ifo Current Conditions New June0800 Germany Ifo Expectations New JuneReporting by Seher Dareen in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, Mary Daly, Masato Kanda, Seher, Subhranshu Sahu Organizations: Federal Reserve, Francisco Fed Bank, Thomson Locations: Japan, Germany, Bengaluru

☆ Dollar pulls back from 15-month high vs ruble as Russia assessed
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar rose against the ruble on Monday, although it was off the 15-month high hit earlier in the session, while the Japanese yen gained modestly against the greenback following comments from the country's top currency diplomat. The Russian ruble weakened 0.90% versus the greenback at 84.40 per dollar after hitting its weakest level since March 2022. The Japanese yen strengthened 0.11% versus the greenback at 143.52 per dollar. The Bank of Japan last intervened in the yen when it traded around 145 per dollar. In Asia, the dollar rose 0.40% versus the offshore Chinese yuan to $7.2442 after hitting a 7-month high as investors braced for potentially more support measures as China returned on Monday from a holiday.

Persons: Vladimir Putin, Yevgeny Prigozhin, Putin, Edward Moya, International Affairs Masato Kanda, jawboning, Moya, Christine Lagarde, Sterling Organizations: U.S, Russian, International Affairs, Bank of Japan, European Central Bank, ECB, Central Banking Locations: New York, Japan, Sintra, Asia, China, Beijing

☆ Oil up, stocks dip after short-lived Russian mutiny
▼ + stars: | 2023-06-25 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

SINGAPORE, June 26 (Reuters) - Oil nudged higher in early trade on Monday as an abortive weekend mutiny by Russian mercenaries raised questions about crude supply, though other financial markets started steadily with investors unsure of any further immediate implications. Russian mercenaries made a short-lived rebellion on Saturday, seizing the southern city of Rostov and advancing on Moscow demanding the removal of Russian military commanders in charge of the war in Ukraine. The private Wagner army then withdrew after striking a deal guaranteeing their safety and the exile of their leader, Yevgeny Prigozhin, to Belarus. The consequences for the Ukraine war were not clear, though the challenge to Russian President Vladimir Putin's authority was the starkest in decades of his leadership. "As such, we are likely to see a marginal uptick in oil prices in the coming days, if the situation does not deteriorate."

Persons: Wagner, Yevgeny Prigozhin, Vladimir Putin's, Jorge Leon, Antony Blinken, Ray Attrill, Masato Kanda, Stephen Coates Organizations: Brent, Rystad Energy, National Australia Bank, Thomson Locations: SINGAPORE, Rostov, Moscow, Ukraine, Belarus, Russia, Sydney, Asia, China, steadied

☆ Oil climbs, markets on edge over darkening growth outlook
▼ + stars: | 2023-06-25 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

S&P 500 futures were 0.2% higher and currency markets were broadly steady. The private Wagner army then withdrew after striking a deal guaranteeing their safety and the exile of their leader, Yevgeny Prigozhin, to Belarus. The consequences for the Ukraine war were not clear, though the challenge to Russian President Vladimir Putin's authority was the starkest in decades of his leadership. "As such, we are likely to see a marginal uptick in oil prices in the coming days, if the situation does not deteriorate." Elsewhere markets were already on edge about a darkening growth outlook, as China's post-pandemic recovery stalls and global interest rates remain high, and traders were unwilling to take any new positions on the basis of Russian events.

☆ Japan's top currency diplomat escalates warning against weak yen
▼ + stars: | 2023-06-25 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +1 min

TOKYO, June 26 (Reuters) - Japan's top currency diplomat Masato Kanda said on Monday authorities will respond to any excessive moves in the currency market, warning that recent yen moves were "rapid." When asked about the chance of currency intervention, Kanda told reporters he would not rule out any options. He added that authorities were focusing on the pace of moves in the yen, rather than its levels. The dollar hit a seven-month high against the yen at 143.63 in New York on Friday. Reporting by Tetsushi Kajimoto, writing by Leika Kihara; Editing by Kim Coghill and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Masato Kanda, Kanda, Tetsushi Kajimoto, Leika Kihara, Kim Coghill, Jamie Freed Organizations: Bank of Japan, Thomson Locations: TOKYO, New York

☆ Japan's yen is weakening again, prompting talk of another intervention worth billions of dollars
▼ + stars: | 2023-06-06 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

However, pointing to recent language used by Finance Minister Shunichi Suzuki, she added that immediate action seems less likely. "The language used is definitely not as tough compared to the lead up to the September 2022 intervention," she said. Masato Kanda, Japan's vice minister of finance for international affairs, told reporters last week that the government would step in if needed as the yen showed further weakening, according to Nikkei. Kanda's comments came after an unscheduled meeting between officials at Japan's Finance Ministry, the publication reported. She noted the month-on-month change seen in the currency before the intervention in September had a range of 6% to 8%.

Persons: Goldman Sachs, Shunichi Suzuki, Masato Kanda, Chew Organizations: Bank of Japan, U.S, Bloomberg, Getty, Ministry of Finance, Finance, Nikkei, Japan's Finance Ministry

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