Tag: Donald Trump

general

Japanese Yen posts modest gains above 152.50 despite trade optimism

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The post Japanese Yen posts modest gains above 152. 50 despite trade optimism appeared com. The USD/JPY pair trades with mild losses near 152. 75 during the early Asian session on Tuesday. Nonetheless, the potential downside might be limited by optimism over a potential US-China trade deal. Traders will closely monitor the Federal Reserve (Fed) interest rate decision later on Wednesday. On Thursday, the Bank of Japan (BoJ) interest rate decision and the meeting between US President Donald Trump and Xi Jinping will be the highlights. The US and China reached a preliminary agreement that would prevent a new round of tariffs and keep critical rare earth mineral supplies flowing to the US from China. Trump said on Monday that “I really feel good” about a deal with China, after officials unveiled a slew of agreements to ease tensions. Trump will meet Chinese President Xi Jinping later on Thursday to decide on the framework of a trade deal. Positive developments to defuse trade tensions could boost risk appetite and undermine safe-haven currencies like the Japanese Yen (JPY). The Fed is widely expected to cut interest rates by 25 basis points (bps) at its meeting ending on Wednesday. This would be the second rate reduction of the year, bringing the Federal Funds Rate target range down to 3. 75% to 4. 00%. Most economists anticipate additional rate cuts later in the year and into 2026. On the JPY’s front, the expectation that Japan’s new Prime Minister Sanae Takaichi would maintain expansionary spending policies and resist early tightening could weigh on the JPY and create a tailwind for the pair. Reports suggest Takaichi may unveil a major stimulus package as soon as next month, potentially exceeding last year’s 13. 9 trillion Yen program aimed at easing inflationary pressures on households. The BoJ is broadly expected to hold its interest rate steady at 0. 5% at its upcoming policy meeting on Thursday. Traders will.

international politics

Slovakia PM Fico says EU tried to sabotage canceled Trump-Putin peace summit in Budapest

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The Slovak leader said some EU states have “turned into a war cabinet” as Poland warned Putin could be detained mid-flight Slovak Prime Minister Robert Fico has accused some within the European Union of attempting to sabotage peace by disrupting the now-canceled meeting between Russian President Vladimir Putin and U.S. President Donald Trump in Budapest. “The foreign minister of a European Union member state says that Russian President V. Putin could be detained during a flight over this country, and the European Commission’s media environment is warning Hungary that it should implement an international arrest warrant,” Fico said in a statement released by the Slovak Government Office. “I have always maintained that the EU has turned into a war cabinet, that a significant part of EU member states support the war in Ukraine in the naive belief that this way Russia can be weakened and even defeated,” he added, calling attempts to derail peace talks a “sad sight.”

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