Gold stayed near $4,200 after a 3% rebound, supported by easing inflation fears and optimism over a potential US–Iran peace deal, though ECB tightening and strong US inflation data kept Fed rate-hike expectations alive.

The yen weakened to around 160.2 per dollar as traders positioned ahead of the BOJ meeting, where a 25 bps hike to 1% is widely expected. Governor Ueda’s absence due to hospitalization added uncertainty.

Bitcoin traded near $63,630, recovering from recent losses and consolidating as buyers returned. Options expiry and inflation-driven sentiment remain key short-term drivers.

Brent fell to about $89 per barrel, a near two-month low, on hopes of a US–Iran agreement that could ease Strait of Hormuz risks, though supply concerns persist.

The Nasdaq-100 surged 3.29% to 29,446, boosted by easing Middle East tensions, lower oil prices, and declining Treasury yields.

The offshore yuan strengthened toward 6.76 per dollar after China’s May CPI rose 1.2% y/y while PPI accelerated to 3.9%, highlighting weak consumer demand but rising producer costs.