UKMTO gets report of incident in the Strait of Hormuz. Tanker is reported to be hit by unknown projectile.

Citigroup expects Bank of Japan to hike interest rates by 25 bp in December 2026, March and july 2027 vs prior forecast of January, June and December 2027

BoJ Gov Ueda: Overseas rate hikes could impact Japan through various channels including Forex.

BoJ Gov Ueda when asked about possibly about raising rates consecutively or rate hike over 25 bps: Not ruling out any particular policy measures.

Japan's Fin. Min. Katayama: Bessent regards highly of "Takaichinomics".

Japan's Fin. Min. Katayama: To maintin close communication with financial authorities of other nations on forex.

BoJ Gov Ueda: Not mulling board member change next year for policy.

BoJ Gov Ueda: Rate hikes have gradually tightened financial conditions.

BoJ Gov Ueda: We want to see whether trend inflation stays at 2% after reaching it around end of fy2026 into fy2027.

BoJ Gov Ueda: No comment about short-term market moves.

BoJ Gov Ueda: Short-term objective has changed significantly.

BoJ's Gov Ueda: Stage for policy conduct has changed.

BoJ Gov Ueda: Middle East situation continues to be uncertain.

BoJ's Gov Ueda: To keep raising rate in response to economy, prices.

BoJ Gov Ueda: There is risk of underlying inflation overshooting 2% price target given firms' wage, price setting behavior becoming more aggressive, mid- and long-term inflation expectations rising.

BoJ Gov Ueda: Japan's financial conditions have been accommodative.

BoJ Gov Ueda: Must pay attention to impact of Middle East situation, AI-related demand expansion and FX on Japan's economic activity, prices.

BoJ Gov Ueda: Japan's economy likely continue growing moderately.

BoJ Gov Ueda: Japan's economy recovering moderately albeit with some weakness.

Japan Economy Minister Kiuchi: Expect BoJ to conduct appropriate monetary policy to sustainably, stably hit its price target, while working closely with government.

Westpac brings forward RBA rate-hike call to September from November.

GERMAN PPI YOY ACTUAL 4.6% (FORECAST 3.9%, PREVIOUS 3.0%) $MACRO

GERMAN PPI MOM ACTUAL 1.1% (FORECAST 0.6%, PREVIOUS 1.1%) $MACRO

🔴 UK CORE RETAIL SALES MOM ACTUAL 0.6% (FORECAST -0.2%, PREVIOUS -0.9%) $MACRO

🔴 UK RETAIL SALES YOY ACTUAL 2.4% (FORECAST 1.9%, PREVIOUS 1.6%) $MACRO

🔴 ⚠️ BREAKING: UK RETAIL SALES MOM ACTUAL 0.5% (FORECAST -0.2%, PREVIOUS -0.5%) $MACRO

UK CORE RETAIL SALES YOY ACTUAL 2.7% (FORECAST 1.9%, PREVIOUS 2.3%) $MACRO

SK Hynix's Solidigm weighs first US NAND flash plant - Yonhap

ECB's Vujcic: Reserve requirements allow ECB to sterilise some excess liquidity in simple, inexpensive way.

ECB's Vujcic: We do not look solely at energy prices, but at much broader set of data.