>> THIS IS "THE ASIA TRADE." I'M SHERY AHN IN TOKYO. ASIAN STOCKS SET TO OPEN MIXED. THE YEN A REBOUND LOSES MOMENTUM AMID SPECULATION OF MORE JOINT MOVES.PRESIDENT TRUMP SAYS HIS LATEST OFFER OF TALKS IS THE LAST CHANCE FOR IRAN. TEHRAN DENIES DIRECT NEGOTIATIONS WITH WASHINGTON BUT SAYS TALKS OVER HORMUZ ARE ONGOING. MITSUBISHI AND NISSAN AND FOCUS AFTER BOTH AUTOMAKERS REPORTED EARNINGS WITH NISSAN'S QUARTERLY PROFIT BEATING THE STREET.>> TAKE A LOOK AT WHAT WE ARE SETTING UP WITH. LOOKING AT A LOT OF CR ...

Macroeconomics and Foreign Exchange Markets - The United States and Japan warned of further coordinated actions in foreign exchange markets following their first joint intervention in 15 years to support the Japanese currency from a near-decade low [1] - Historical data shows that Japan's FX reserves saw a reduction in securities holdings of 75 billion dollars in the month of May, marking the largest one-month reduction [15] - Market analysts project that the Bank of Japan could raise interest rates by 25 basis points to reach a policy rate of 1.25% in September [18][20] - Crude oil prices tumbled by about 5% as geopolitical tensions eased with President Trump calling off a planned attack on Iran and announcing new talks [22][28] Banking and Corporate Mergers - Monte dei Paschi is reportedly exploring a takeover of Banco BPM after a previous merger plan collapsed over the weekend [41][42] - British drugmaker AstraZeneca is set to explore a potential megadeal with Bristol-Myers Squibb, which could rank as the largest ever in the pharmaceutical industry [46][51] - Alibaba released a flagship AI model that market participants regard as competitive with Anthropic, leading to a 7% stock increase in Hong Kong [31] Geopolitics and European Affairs - Spain confirmed that 50,000 people have illegally crossed the border between Morocco and Spanish enclaves, prompting the European Union to convene emergency talks [51] - FIFA leadership faces mounting pressure and regulatory backlash from international football bodies following plans to privatize its commercial arm [92][94]