Markets saw the yen surge to a six-month high against a falling USD, driven by Bank of Japan rate-hike expectations. Global stocks rose in August, led by tech gains, though investors are increasingly concerned about surging global bond yields.
Oil prices rose, with Brent stalling at resistance and RSI at 72. Iron ore reclaimed $100 on "improving downstream conditions," while copper's long rally collides with shrinking supply chains. Geopolitical tensions in Sudan and US-Iran flare-ups also weighed.
Bitcoin remained trapped in a $76K-$82K range, with investors trading Fed rate paths. Trump called for a US boycott of Canada’s Bombardier jets unless they build in the US, highlighting onshoring trends.
Watch for upcoming ADP employment data and consumer credit releases due Tuesday.