News

Russian news agencies, citing the local governor, reported that Novokubishevsk, a city in Russia's Samara region, was attacked by drones.

ECB Governing Council member Rehn: The "war of attrition" in Iran could lead to persistently high inflation.

U.S. Ambassador to India: The meeting with the President of Kazakhstan was very enlightening. Business diplomacy between the two countries has reached an all-time high and continues to grow. We look forward to the President of Kazakhstan's visit to the United States later this year.

The bid-to-cover ratio for the Japanese 10-year government bond auction was 3.29, compared to 2.56 in the previous auction.

At the close of the morning session, most domestic futures contracts rose, with ethylene glycol (EG) up nearly 8%, methanol up over 5%, bottled chips up nearly 5%, paraxylene and staple fiber up over 4%, and asphalt, polyvinyl chloride (PVC), and benzene up over 3%. On the downside, container shipping to Europe fell nearly 6%, palladium and red dates fell nearly 3%, Shanghai silver, live pigs, and apples fell over 2%, and Shanghai gold fell over 1%.

Traders said the Reserve Bank of India (RBI) may sell dollars before the spot market opens to boost the rupee.

1. On June 17, the US and Iran signed a memorandum of understanding online, with the core objectives of achieving a permanent ceasefire and reopening the Strait of Hormuz. 2. On June 27, US Central Command announced strikes against Iran in response to its attacks on merchant ships. US warplanes attacked Iranian missile and drone storage sites, as well as coastal radar stations. 3. On June 28, US Central Command announced a new round of strikes against Iran in response to its renewed attacks on oil tankers. US warplanes struck Iranian military surveillance facilities, communication systems, air defense sites, drone storage facilities, and mine-laying capabilities. 4. On July 8, U.S. Central Command completed a new round of offensive strikes against Iran, targeting Iranian air defense systems, command and control networks, coastal radar stations, anti-ship missile capabilities, and more than 60 small Islamic Revolutionary Guard Corps vessels in and near the Strait of Hormuz. 5. On July 8, Trump stated that for him, the temporary ceasefire agreement between the U.S. and Iran was over, "just a waste of time." He made these remarks shortly after the U.S. launched a new wave of strikes against Iran and revoked waivers allowing the sale of Iranian oil. 6. On July 9, U.S. Central Command completed another round of strikes against Iran, targeting approximately 90 Iranian military targets, including air defense systems, coastal surveillance assets, missile and drone storage sites, naval capabilities, and military logistics infrastructure along the Iranian coast. 7. Starting July 10, the U.S. Central Command launched 13 consecutive nighttime airstrikes against Iran, primarily targeting Iranian command, control, and communication facilities; air defense, missile, and drone equipment; the Iranian navy and naval forces; and logistics and infrastructure. 8. On August 30, the U.S. military struck two rocket launchers on Iran's Larak Island, injuring several people. U.S. media reported that the targets were two Iranian missile launchers on Larak Island, and that the Iranian Revolutionary Guard was reportedly preparing to launch mine-laden rockets into the Strait of Hormuz.

Ukrainian officials say Russia attacked border infrastructure in Ukraine's Izmail region, and border crossings leading to Romania have been suspended.

A senior Japanese Ministry of Finance official stated that the issue of repurchasing U.S. Treasury bonds was not discussed during the bilateral meeting.

A senior official from Japan's Ministry of Finance stated that Finance Minister Satsuki Katayama explained to his G7 counterparts the conditions for joint US-Japan intervention and the factors that led to this action.

Jun Mimura, Japan's top foreign exchange official: Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Bessenter had a good discussion on further strengthening foreign exchange cooperation.

A senior official from Japan's Ministry of Finance stated that Japan's fiscal policy and the recent coordinated foreign exchange intervention were among the main topics of discussion during the meeting between Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Bessenter.

A senior official from Japan's Ministry of Finance stated that Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Bessenter discussed issues such as foreign exchange intervention during a bilateral meeting.

A senior official from Japan's Ministry of Finance stated that the Bank of Japan is expected to formulate monetary policy based on the economic situation, rather than being influenced by the United States.

Japanese officials said that U.S. Treasury Secretary Bessant understands the Bank of Japan's independence.

Japanese Finance Minister Satsuki Katayama: Speculative currency market volatility that does not reflect fundamentals has indeed been increasing.

The local governor stated that a fire broke out in the port area of ​​Ust-Luga, Russia.

Japanese Finance Minister Satsuki Katayama: Exchange rate fluctuations should reflect fundamentals, but this is not always the case.

The governor of Ust-Luka, Russia, said the drone attack caused damage to the port area.

Japanese Finance Minister Satsuki Katayama: No comment on current Japanese government bond yield levels.