Japan's top foreign-exchange official said that, judging by subsequent market moves, the intervention was clearly meaningful.

U.S. courts issued four rulings today, two favorable and two unfavorable to former President Trump. The U.S. Supreme Court overturned longstanding federal limits on coordinated spending between parties and candidates, a decision likely to increase partisan spending and could aid Republican prospects in the November midterms. In a separate narrow decision, the Supreme Court upheld state bans barring transgender girls and women from competing on female school sports teams. The Supreme Court, in a divided ruling, rejected the administration’s attempt to restrict birthright citizenship, overturning a key plank of Trump’s immigration agenda. A U.S. district judge in Rhode Island blocked Trump-era changes to a widely used federal housing assistance program, finding the government failed to assess impacts on families that rely on the aid; the decision was a win for several Democratic-led states.

Several distributors confirmed Yageo has notified clients of immediate price increases across its full capacitor range — including tantalum, MLCC, aluminum electrolytic, solid aluminum, film capacitors and supercapacitors — covering roughly 50% of Yageo’s revenue and, for the first time, extending price adjustments to direct customers (EMS/OEM), signalling concurrent spot and contract price moves. Distributor sources said factory list prices rose about 50%, with spot-market increases larger; one source reported high-end capacitor prices have surged up to tenfold within a month. Distributors also reported frequent delivery delays since May across MLCC brands, not limited to Yageo.