Trends in the U.S. economy can have a direct or indirect impact on the Japanese economy, and we also need to be aware of the possibility of an impact through fluctuations in financial and capital markets,” a Cabinet Office official said upon the release of the monthly economic report for November.
Most Asian currencies edged lower on Tuesday, with the Chinese yuan dropping to a four-month low against a stronger dollar after U.S. President-elect Donald Trump said he will impose additional trade tariffs on China, Mexico, and Canada.
The yellow metal was nursing steep losses from the prior session after multiple reports suggested that a ceasefire between Israel and Lebanon was close, which dented safe haven demand.
Bitcoin’s rally was driven chiefly by optimism over improved regulations under Trump. But the prospect of Trump imposing more tariffs on U.S. trading partners soured risk appetite.
Crude oil for January delivery was up 0.41% or 0.28 to $69.22 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.30% or 0.22 to hit $72.70 a barrel, while the February Gold Futures contract rose 0.26% or 6.95 to trade at $2,649.55 a troy ounce.
