Forex - Asia

The Yen Lost Its Safe-Haven Status in a Week. Japan Has Three Weeks of Gas Left.

USD/JPY hit 157.80. Japan imports 95% of its oil from the Middle East. It has three weeks of gas. The yen's safe-haven status just became an energy liability.

China Outbuilds the US in Nuclear Submarines for the First Time — and the Gap Is Widening

China launched 10 nuclear submarines displacing 79,000 tonnes in 2021–2025, outpacing US output for the first time as American shipyards fall behind.

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