Yen trades higher on risk-on sentiment, despite dovish ECB

Yen trades higher on risk-on sentiment, despite dovish ECB

The Japanese yen traded stronger against the euro at 164.90 on Monday. Bank of Japan Governor Kazuo Ueda made dovish remarks about the need to maintain accommodative monetary policies due to low inflation.

Russia stages major airstrike on Ukraine; one missile enters Polish airspace

Russia stages major airstrike on Ukraine; one missile enters Polish airspace

– Russia conducted a missile strike on critical infrastructure in Lviv, Ukraine, and also targeted Kyiv.
– One Russian cruise missile entered Polish airspace according to Warsaw.
– Moscow launched 57 missiles and drones in the attack.
– Lviv’s regional governor, Maksym Kozytskyi, reported two hits on a critical infrastructure facility in Lviv using Kinzhal hypersonic missiles.
– The energy ministry reported a critical energy facility in Lviv was attacked, causing a fire and power loss.
– Ukraine’s air defenses destroyed 18 of 29 inbound missiles and 25 of 28 attack drones.
– The attacks on Ukraine’s energy system led to widespread blackouts and a halt in electricity exports from Ukraine.
– In Kyiv, air defenses destroyed about a dozen missiles, resulting in only minor damage.
– The attacks are portrayed by Moscow as retaliation for Ukrainian actions during Russia’s presidential election.
– A downed Kh-55 cruise missile was found in a Kyiv park.
– Poland reported a Russian cruise missile violated its airspace, staying for 39 seconds and traveling about 2 km inside.
– Poland demanded an explanation from Moscow and pledged continued support for Ukraine.