The Bank of Japan may be moving toward a more active rate-hiking cycle after board member Naoki Tamura suggested that interest rates could rise every few months if inflation pressures continue to build. His comments add to signs that the central bank is becoming more confident in moving away from decades of ultra-loose monetary policy.

China's central bank announced overnight reverse repo operations to strengthen short-term liquidity management.

Global markets are gradually shifting their attention away from geopolitical developments and back toward central banks, inflation, and interest rate expectations.