Nissan CEO said the company is assessing production plans to determine how quickly it can recover lost output.

USD extended losses on Monday after coordinated US-Japan FX intervention that supported the yen. Traders trace the dollar’s weakness to last week’s Fed decision to hold rates, which has raised questions about new chair Walsh’s ability to fight inflation. ING FX strategist Francesco Pesole said the move began after the Fed meeting and that short-term investors had built large USD long positions. Some strategists say the US Treasury may fund yen purchases with euros rather than dollars to limit further dollar weakness. Pesole added many traders are weighing longer-term USD shorts but called Japanese intervention temporary and said Fed policy will ultimately determine the dollar’s path. Jefferies strategist Mohit Kumar said if oil does not fall sharply, a Fed failure to act on inflation would damage Walsh’s credibility, and that aside from intervention fundamentals remain unfavorable for the yen and supportive of the dollar, with rising pressure for Fed hikes.

Pfizer struck a collaboration with Cinda Biopharma on 12 early-stage and de novo oncology R&D projects, with an upfront payment of $650m. In July, Moonshot AI released KimiK3 and DeepSeek rolled out the DeepSeek-V4-Flash API in public beta. Chinese advanced robotics equipment has also attracted heightened international attention. Jiang Zhao, deputy researcher at MOFCOM's Research Institute of International Trade and Economic Cooperation, said shorter industry iteration cycles reflect both faster global tech commercialization and a shift in China’s innovation capacity—domestic development is moving into sync with global frontiers and showing faster, more proactive autonomous iteration.