16 articles · Updated · The Wall Street Journal · May 10
In early trade, the dollar rose 0.2% to 156.98 yen, while the yen fell against most G-10 and Asian currencies.
Analysts said Wall Street’s rally on Friday encouraged mild risk appetite, but concerns about possible foreign-exchange intervention could limit further yen losses.
US Treasury Secretary Bessent is due in Japan this week to meet Finance Minister Katayama and other officials, with any US concern over yen weakness potentially fuelling joint intervention speculation.
With a historic oil supply shock underway, what is keeping crude prices from skyrocketing, and can this fragile market calm possibly last?
Beyond oil, a hidden supply crisis in fertilizers and metals is brewing. How will this impact global food security and manufacturing costs?
As diplomacy fails and war escalates, what viable 'off-ramp' exists to reopen the world's most critical waterway before a global recession hits?