Japan's finance minister Katayama took a cautious stance when questioned about the recent tariff announcements targeting Iran trade partners. Rather than weighing in directly, he indicated the ministry cannot comment on another nation's trade policy decisions at this stage. This cautious diplomatic response highlights how geopolitical trade tensions are creating uncertainty across global markets. With tariff discussions heating up, macro investors are closely watching how these policies might ripple through commodity prices, currency markets, and ultimately asset valuations—factors that often influence risk sentiment in crypto markets.