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```htmlGolden Ten Data reported on April 29 that following the Bank of Japan's April meeting, the yen weakened against the US dollar, breaking below the critical 160 level. In yesterday’s rate decision, Governor Kazuo Ueda did not provide clear signals regarding the timing of the central bank’s next interest rate hike. The yen’s renewed weakness may heighten concerns among Japanese policymakers. Prior to the Bank of Japan’s decision announcement, Finance Minister Shunichi Katayama stated that Japanese authorities are ready to respond to exchange rate fluctuations around the clock as needed, and Tokyo remains highly vigilant against speculative moves driving down the yen. If the yen breaks below the year-to-date low of 160.46 touched on March 30, it will return to its lowest level since mid-2024. Authorities have intervened in the market several times as the yen approached the 160 threshold in 2024, but officials have repeatedly emphasized that their focus is on excessive volatility rather than defending a specific exchange rate level.```

Glonghui, April 29 | Phillips 66 (PSX.US) rose 5.4% to $174.03. In terms of news, Phillips 66 announced that its adjusted earnings per share for the first quarter was $0.49, turning profitable compared to a loss of $0.9 per share in the same period last year. Analysts had expected a loss of $0.54 per share. Phillips 66 also raised its annual quarterly dividend by 7%. (Glonghui)

NYMEX heating oil futures rose by 5%, as EIA distillate inventories declined more than expected.