Fed Governor Waller signals dovish stance; Japan holds off on FX intervention

Federal Reserve Governor Christopher Waller signaled a dovish shift, fueling market expectations for interest rate cuts. Meanwhile, Japanese Ministry of Finance officials stated that current yen volatility remains manageable, ruling out immediate foreign exchange intervention. In other developments, Oman rejected Iran's proposal to charge tolls for passage through the Strait of Hormuz, and Donald Trump claimed that US defense industrial capacity has surged, ensuring ample ammunition stockpiles.