🌏 Asian Session
🇯🇵 Nikkei 225 up 0.4% near 69,012 as tech leads (Kioxia, SoftBank); Q2 GDP came in softer than expected
🇭🇰 Hang Seng opened higher (~+0.7%–1.3%), though broader Asia-ex-Japan shares are flat overall
🇰🇷 South Korea closed for Liberation Day
🇨🇳 Eyes on China's July industrial output and retail sales data, due later today
💵 Forex
EUR/USD holding 1.1600–1.1650, eyeing the 1.1610 zone
USD/JPY steady near 158–159, yen firm on BoJ hike bets and a softer dollar
Dollar broadly weaker Monday after last week's soft US data
🛢 Commodities
Brent crude steady near $88.50/bbl, WTI ~$82.10 – Strait of Hormuz still effectively closed
Gold firm near $4,390/oz, holding gains as Fed hike bets ease
📉 Backdrop
Oil posted sizeable gains last week on stalled Hormuz talks; Iran urged the US to "accept defeat" over the weekend
11 killed in Israeli strikes in southern Lebanon Saturday, adding to regional risk
Fed September hike odds near 30%, down sharply from over 65% two weeks ago
📅 Today's Focus
China activity data, US housing/industrial figures, and headlines from the Strait of Hormuz remain the key drivers
Trade safe! 📊
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