US Treasury Secretary Bessent told Japanese officials that rate hikes are needed, according to NHK; a Japanese MoF official expects the BoJ to act on the economy and not on US influence.
Nikkei 225 traded indecisively; USD/JPY traded rangebound, and 10yr JGB futures followed the declines in global peers.
Crude futures remained underpinned after gaining yesterday; UKMTO received a report of an incident involving a tanker and military forces in the Indian Ocean off Oman.
APAC stocks traded with a mild negative bias amid higher prices and yields; European equity futures indicate a lower cash market open.
Looking ahead, highlights include German Retail Sales (Jul), Global S&P Manufacturing PMI Final (Aug), EZ CPI Prelim (Aug), US ISM Manufacturing PMI (Aug), JOLTS Job Openings (Jul), Atlanta Fed GDP (Q3), US Midterm Primary Elections in Massachusetts, Speakers include Fed’s Barr & ECB’s Vujcic. Supply from Germany. Earnings from Dell & Palo Alto.
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