Other news

This year, China plans to replenish its strategic reserves of key industrial metals in order to boost the resilience of critical material supplies. Heightened geopolitical tensions and rising demand for energy transition commodities have yet to support the industry's sustainability.

Japanese households' cash holdings shrank at a record pace last quarter amid rising costs of living. The amount of cash held by the country's citizens fell to 105.3 trillion yen (about $704.9 billion). That was 3.4% lower year-on-year.

The Australian government, allocating significant funds for pre-election spending, risks exacerbating inflation, which is already above the target range of 2-3%. Experts warn that this could lead to increased long-term risks for both the budget and the economy.

Japan's Ministry of Internal Affairs and Communications reported a slowdown in the pace of consumer price growth. However, economists had forecast a more pronounced deceleration. Bloomberg notes that a slower pace of inflation easing could undermine forecasts of rate cuts by the Bank of Japan.

Ripple CEO Brad Garlinghouse expresses optimism regarding XRP's future. He believes the cryptocurrency could be included in the US Crypto Strategic Reserve, following President Donald Trump's executive order.

Indian conglomerate JSW Group will invest 120 billion rupees (1.39 billion dollars) to set up a 500,000 ton capacity copper smelter in Odisha state by 2028–2029. To supply production, the company is going to buy concentrate from Peru and Chile, Reuters states.

Bank of Canada Governor Tiff Macklem expressed the need to reconsider monetary policy due to US tariff uncertainties. He said the regulator has to be less forward-looking and more flexible until the situation is clearer.

A decrease of the indicator value may contribute to the fall in quotes of JPY.

No change of the indicator value may reduce the volatility of the related markets.

Analysts at investment bank Macquarie shared their expectations of the potential growth of cryptocurrency assets amid a slowdown in the US economy. Macquarie believes central banks’ actions and monetary policy will lead to the growth of the crypto market in the future.