Japan Finance Minister Katayama says the government is nearing the timing to take bold action on foreign exchange markets. The remarks follow repeated warnings regarding potential intervention to address currency volatility.

Japan conducts yen-buying operation, according to a report from the Nikkei. The intervention aims to support the currency's value in foreign exchange markets.

The Nikkei reports that Japan has conducted a yen-buying operation to support the currency.

Pakistan faces record fuel price surge as economic instability threatens the government of Prime Minister Shehbaz Sharif. The sharp increase marks the most significant fuel shock in over half a century for the nation.

Pakistan is facing its most significant fuel price increase in over 50 years, creating economic instability that threatens the administration of Prime Minister Shehbaz Sharif.

Australia inflation above Reserve Bank’s 2-3% target as fuel costs from Middle East disruptions keep policymakers on tightening path.

Australia’s inflation remained above the Reserve Bank’s 2-3% target band as higher fuel costs from Middle East supply disruptions compounded already-elevated price pressures to keep policymakers on a tightening path.

European Central Bank policymakers signal a likely interest rate hike in June, with several governors indicating at least two increases may be necessary unless energy prices drop or the war concludes.

European Central Bank policymakers reached a broad consensus on Thursday regarding the necessity of a rate hike in June, with several governors suggesting at least two increases may be required depending on geopolitical and energy market developments.