A further increase by year-end is priced in with near certainty, even as policymakers stick to a data-dependent path. The euro has reached 1.164, its highest since late August, while expectations for a BOJ hike to 1.25% next week have helped strengthen the yen toward 153.4 per dollar.

US PPI is due later today, followed by CPI on Friday, putting the Fed outlook back in play. Gold is holding near $4,400, while the US 100 has slipped 0.29% to 29,258 as rate uncertainty weighs on tech.

Brent is holding near $101, close to its highest since May, as the US-Iran conflict raises the risk of further supply disruptions. 

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