S&P rates Saylor’s Bitcoin firm “B-”, ‘junk’, first credit grade for crypto treasury firmNomura sees recurring tension/truce cycle as new normal in U.S./China tiesTrump and Takaichi have signed their framework for securing critical mineral supplyPBOC sets USD/ CNY central rate at 7.0856 (vs. estimate at 7.1029)Japan PM Takaichi: Want to realise a new golden age of Japan-US alliance with TrumpUSD/JPY below 152.50: Trump/Takaichi meeting ahead, economy minister verbal interventionUK shop prices fall for first time since March as food inflation coolsJapan’s eco min says its important for FX moves to reflect fundamentals, be stableAustralian Federal Police have raided WiseTech – investigating alleged insider tradingSouth Korea Q3 GDP +1.2% q/q (vs. expected +0.9%)Sterling vulnerable if BOE cuts rates in December, MUFG saysComing up today – Trump meets Japan’s Takaichi to deepen defence, trade cooperationChina (PBOC) reaffirms crypto ban, accelerates digital yuan rolloutBeijing and Berlin play down diplomatic rift after German minister cancels China tripSouth Korean October consumer sentiment index drops to 109.8 (prior 110.1)Morgan Stanley notes US dollar comeback but warns of fragile rallyICYMI – Bessent has named five finalists for Fed chairFOMO trading continue in the stocks with new records for the 3 major indicesinvestingLive Americas market news wrap: US stock markets rip to fresh records
From Japan today, there were a couple of notable developments.
President Trump and Prime Minister Sanae Takaichi signed a framework agreement to secure the supply of critical minerals and rare earths — a widely expected step. The two appeared to get along well, with one Japanese media outlet noting that “Japan PM Takaichi lavishes praise on Trump in first meeting.”
Earlier, Economy Minister Kiuchi made yen-supportive remarks — a touch of verbal intervention in familiar form. The yen strengthened on the session, with USD/JPY touching lows around 152.30 before steadying.
Elsewhere, major FX traded in subdued ranges, with a hint of strength in EUR and GBP.
Data from South Korea showed the economy grew 1.2% in the third quarter, exceeding expectations as construction and exports stabilised and fiscal stimulus underpinned activity. Analysts said the momentum looks set to continue into 2026, though much now depends on resolving a $350 billion trade deal with Washington.
Asia-Pac
stocks:
Japan
(Nikkei 225) -0.18%Hong
Kong (Hang Seng) -0.28%Shanghai
Composite -0.1%Australia
(S&P/ASX 200) -0.44%
This article was written by Eamonn Sheridan at investinglive.com.