More from RBA's Bullock: RBA has room to move if the global economy takes a bad turnChina sets 4% steel growth goal, bans capacity expansion, and pushes green upgradeKiwiBank: RBNZ to cut 75bp by year-end, economy not recovering from recessionBerkshire Hathaway exits BYD, closing out 17-year investment in Chinese EV maker.UBS lifts USD/JPY forecast, yen seen stuck in 140–150 range amid political risksPeople's Bank of China injects 300bn yuan through 14-day reverse reposMore from RBA Gov. Bullock: In a very good position on inflationPBOC sets USD/ CNY reference rate for today at 7.1 (vs. estimate at 7.1159)Reserve Bank of Australia Governor Bullock says tightness remains in labour marketJapan PM contender Hayashi says weak yen has contributed to inflationBOJ outlines century-long ETF unwind, markets confident Japan’s stock rally can endurePBOC is expected to set the USD/CNY reference rate at 7.1159 – Reuters estimateGoldman Sachs AM: BoE to hold rates in 2025, easing cycle seen resuming February 2026Dalio: US debt crisis threatens currencies. Says buy gold, it'll gain as safe store.UBS forecasts S&P 500 as high as 7,500 into mid-2026.China seen holding lending rates steady today despite Fed cut. Unchanged 4 straight monthsEuro may hit $1.24 in 2026 as ECB holds steady, Fed cuts weaken dollar.Saks Global is considering selling 49% of Bergdorf Goodman for about $1 billionKey US inflation data that was due this week has been "postponed "ECB’s Scicluna flags trade, euro risks but sees policy well placedSouth Korea’s Lee warns US $350bn demand could spark 1997-style financial crisisECB’s Kazaks: No rush for more interest rate cuts, inflation near 2% acceptableEconomic calendar in Asia 22 September 2025 - Reserve Bank of Australia Governor BullockMonday open levels, indicative FX prices, 22 September 2025ECB Stournaras signals rate cuts over, more easing needs major shift in inflation outlookNewsquawk Week Ahead: US PCE, SNB, Flash PMIs, Aussie and Tokyo CPIThe yen slipped in the session, with nerves ahead of Japan’s leadership election weighing on sentiment. USD/JPY pushed above 148.35. Elsewhere, moves across major FX pairs were limited.RBA Governor Bullock spoke in parliament, sounding less than dovish. She pointed to inflation appearing under control, a resilient labour market and domestic data broadly in line with, or slightly stronger than, expectations. AUD/USD was little changed.In China, the People’s Bank of China held benchmark lending rates steady for a fourth straight month, leaving the one-year loan prime rate at 3.0% and the five-year at 3.5%. The decision, which followed last week’s Fed cut, was in line with expectations that authorities would avoid fresh stimulus for now amid a recent stock market rally. The one-year LPR guides most new and outstanding loans, while the five-year influences mortgage pricing.Gold was steady, trading just under US$3,700.Asia-Pacstocks:Japan(Nikkei 225) +1.5%HongKong (Hang Seng) -1.1%ShanghaiComposite -0.22%Australia(S&P/ASX 200) +0.4% This article was written by Eamonn Sheridan at investinglive.com.