Gold climbed above $3,750, extending gains on expectations of further Fed cuts in 2025. Investors anticipate nearly two more 25-bps reductions as the central bank responds to a weakening labor market.

Bitcoin traded at $112,414, slipping 0.28% from the previous session. While down 0.90% over the past month, it has gained nearly 75% year-on-year, reflecting ongoing volatility.

The yen strengthened toward 147.5 as the dollar eased, helped by political risks in the US. Domestically, the BoJ kept its policy rate steady at 0.5% for a fifth meeting, in line with expectations.

Brent crude futures fell to $66.10, marking a fifth straight decline. Oversupply concerns dominated as Iraq moved closer to resuming crude exports from the Kurdish region, potentially adding 230,000 bpd to supply.

The NASDAQ rose to 24,764, up 0.55% on the day, advancing 5.71% in the past month and 24.16% year-on-year. Projections suggest a mild correction ahead, despite strong long-term gains.

The offshore yuan held steady near 7.11, its strongest level since November. Support came from a weaker dollar and expectations of looser Fed policy, alongside firm domestic equities in China.

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