Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Trump Questions USMCA Renewal as Trade Talks Continue 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
The Japanese yen edged lower on Friday, trimming its strongest weekly gain in over four months as traders weighed potential Bank of Japan (BOJ) policy moves and this weekend’s ruling party leadership election. The yen slipped 0.3% to 147.72 per dollar, though it remained on track for a 1.2% weekly gain, the largest since mid-May.
BOJ Governor Kazuo Ueda struck a cautious tone, stressing risks from the global economy and downplaying the likelihood of an imminent rate hike. Economists at Goldman Sachs echoed this view, saying the probability of an October rate increase is “very low.” Deputy Governor Shinichi Uchida earlier noted improving business sentiment and strong corporate profits, though Ueda’s comments highlighted how U.S. economic health could shape Japan’s wage and price outlook.
Political uncertainty also weighed on sentiment. The Liberal Democratic Party (LDP) will elect its next leader—and Japan’s prime minister—on Saturday. Market watchers suggest a victory by dovish candidate Sanae Takaichi could unsettle bond markets, while contenders Yoshimasa Hayashi and Shinjiro Koizumi are seen as policy-stable options.
Meanwhile, the dollar rebounded modestly despite a U.S. government shutdown halting key data releases, including September’s nonfarm payrolls report. A Chicago Fed estimate suggested unemployment held steady at 4.3% in September, while ADP data pointed to weaker private hiring. Traders now price in an almost certain 25-basis-point Federal Reserve cut in October and a high probability of another in December. Dallas Fed President Lorie Logan noted that while last month’s cut cushioned downside risks, further easing is not urgent.
Elsewhere, the Canadian dollar hit a four-month low at 1.3968 per U.S. dollar as oil prices slid and uncertainty grew over North American trade negotiations.
The dollar index firmed to 97.90, while the euro inched up to $1.1722 and sterling held at $1.3437. With BOJ policy uncertainty and Japan’s political shift looming, investors remain cautious as global currency markets navigate both U.S. and Japanese crosswinds.
