BOJ’s Ueda Tweaks Yen Remarks in Possible Rate Hike Hint

-- Bank of Japan Governor Kazuo Ueda fired a clear warning shot to financial markets about a potential policy move as he beefed up his language on the weak yen a day after meeting with Prime Minister Fumio Kishida .Einhorn Says Markets Are ‘Broken.’ Here’s What Data Shows

The governor appears to have adjusted the tone of his remarks on the yen after comments he made last month were deemed soft enough that currency traders continued to sell Japan’s currency, which at one point weakened beyond 160 per dollar for the first time in 34 years. The concerted effort by top financial authorities comes as the government is suspected of having intervened in the market twice last week to support the yen, action that came after Ueda refrained from sending strong hints of concerns about the yen at a post-meeting press briefing on April 26.Ueda’s dialogue Tuesday with Kishida took place only seven weeks after a discussion they held on March 19, an unusual degree of frequency that underscores growing concerns among the nation’s leaders.

The judge in Trump's criminal trial agreed to cancel court proceedings on May 17 so the former president could be in West Palm Beach with his son and familyReuters/Marco BelloFederal Judge Aileen Cannon announced Tuesday she was indefinitely postponing Donald Trump’s classified documents trial in Florida, putting the case on ice less than three weeks before it was slated to begin.The announcement likely means the case will not be tried until after the 2024 election.

Ukraine on Tuesday announced that it had detained two Ukrainian security officials involved in a plot coordinated by Russia to assassinate senior Ukrainian officials, including President Volodymyr Zelensky. Two colonels in the State Guard of Ukraine, which protects top officials, were detained on suspicion of enacting the plan drawn up by Russia’s Federal Security Service, a statement said.

Source: Financial Digest (financialdigest.net)

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