Saudi Arabia's defense ministry said the maritime defense coalition aims to protect international sea lanes.

The yen rallied about 2% as USD/JPY fell roughly 2.6% intraday, the largest move since Japan’s earlier intervention; USD/JPY has plunged over 300 pips to 159.19 at time of writing. Markets are pricing an increased chance of fresh Japanese authorities support for the yen. The currency had earlier weakened to near 40-year lows. Japan carried out record FX intervention totaling JPY 11.73 tln (~$73.2 bln) between Apr 28 and May 27 to prevent USD/JPY from falling below the 160 level, but the yen remained under pressure thereafter. Japan’s Ministry of Finance foreign reserve data indicate funds for its recent interventions likely came from sales of foreign securities holdings, including US Treasuries.

沙特阿拉伯2026年第二季度GDP同比下降4.8%。第二季度非石油活動同比下降24.7%。