Bank of Japan 8301

The yen is back in focus after mixed signals from a widely expected interest-rate hike from the Bank of Japan.

Meanwhile, President Donald Trump banned certain Canadian dairy and alcohol imports in response to Canada’s retaliatory tariffs that went into effect Tuesday. Canada may not have thrown the first punch, but it could end up with a more painful bruise. Today I’m taking a closer look at why the Bank of Japan’s upcoming rate-decision meeting has such high stakes for the global economy.

Treasury Secretary Scott Bessent’s support for the yen seems to have stuck. It could create a problem for stocks.

The world’s biggest sovereign-wealth fund has proposed a major cut to its U.S. Treasury bond holdings as markets around the world grapple with higher interest rates, surging debt levels, and increasing levels of intervention from government officials that have rattled investor sentiment. The group told Norway’s finance ministry that it wants to take U.S. Treasury holdings to around 21.9% of its overall fixed income portfolio from a current level of around 34.1%, through “gradual” sales that won’t disrupt markets. Smaller reductions in European government bonds, as well as those issued by Jap