Financial markets remained cautious due to fears of possible interventions following a weak yen.

Officials from the U.S.

Federal Reserve continued to emphasize higher-for-longer interest rates, a message that was solidified in the central bank’s policy meeting held last week.

Business activity data from around the world offered more proof of the U.S.

economy surpassing other major economies, elevating the U.S.

dollar as the Japanese yen largely weakened due to the Bank of Japan maintaining its dovish policy stance.

Wall Street experienced a downturn, alongside easing Treasury yields after multi-year highs, and mixed results for commodities.

Upcoming light economic and policy matters in Asia suggest that trading might be influenced by potential interventions from Japan to support the yen and the ongoing uncertainties in China’s property market, underscored by Evergrande’s continued debt restructuring issues.

U.S.

stocks experienced a decrease due to a hawkish Federal Reserve, with the Dow Jones dropping by 0.31%, S&P 500 by 0.25%, and Nasdaq by 0.09%.

U.S.

yields ended lower after a strong rally throughout the week; 2-year yields decreased by 2 basis points to 5.1230% after reaching a 17-year peak, 10-year by 4 basis points to 4.4400%, and 30-year by 3 basis points to 4.5220%.

Oil prices increased due to supply concerns; Brent remained steady, while WTI increased by 0.5%.

U.S.

copper remained stable, and gold prices slightly rose as U.S.

yields declined.

The U.S.

dollar, strengthened by the resilience of the U.S.

economy, gained 0.20%, with the euro steady, USD/JPY up 0.55%, GBP down 0.45%, USD/CHF up 0.30%, but AUD up 0.35%, NZD up 0.50%, USD/CAD steady, and USD/CNH down 0.20%.