The Nikkei is up 0.5% on the week and heading for a seventh weekly gain in row - its longest weekly streak in five years and one which has added some $460 billion to Japanese stocks.
"These forces have brought about a tectonic shift in the price-setting behaviour of Japanese companies, and thus an improvement in their profit margins." The U.S. Treasury estimates it'll run out of funds within a week and legislating any deal will take that down to the wire, and even then is unlikely to instantly solve market jitters.
The yuan is down three week in a row and has lost about 0.8% this week to touch troughs not seen since China remained in the grip of COVID lockdowns late last year. It was last at 7.0679 to the dollar.
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