Trump said the situation in the Strait of Hormuz is good; oil volumes transiting the strait hit a record high yesterday and the waterway remains open.

Tencent Licaitong (current+) 7-day annualized yield ranged 0.7190%–1.5790%. WeChat Lingqian Tong 7-day annualized yield ranged 1.0020%–1.0160%. Alipay Yu’e Bao 7-day annualized yield ranged 1.0020%–1.0320%.

Japanese media reported that as the yen neared a 39-year low, Finance Minister Katayama held an emergency online meeting with US Treasury officials on the evening of the 22nd local time. Sources said she may have exchanged views with US Treasury Secretary Bessent on FX market trends and the possibility of intervention after USD/JPY plunged intraday, prompting speculation of Japanese intervention.