The euro slipped toward $1.16, weighed down by climbing European government bond yields and renewed fiscal concerns. French and German 30-year yields surged to their highest levels since the 2011 eurozone debt crisis, highlighting the strain from expanded borrowing plans. 

The Japanese yen weakened past 147.5 per dollar, approaching a one-week low. Markets are waiting for the upcoming wage data to track the Bank of Japan’s next steps. Governor Kazuo Ueda reiterated that wage growth is expected to accelerate given Japan’s tight labor market, leaving room for further policy tightening. 

Gold remained above $3,530 per ounce, consolidating at record highs. The metal continues to draw support from expectations of U.S. monetary easing and safe-haven demand with global political and economic uncertainty. 

Fiscal jitters intensified as long-dated gilt yields climbed sharply, with the 30-year yield reaching its highest mark since 1998. 

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