Asset manager Carmignac says a Bank of Japan rate hike in September could help alleviate yen weakness.

China's night futures session opened with most-active contracts trading higher. Synthetic rubber rose more than 1%; pulp and iron ore gained about 1%. On the downside, PTA fell over 1%; Shanghai silver, Shanghai tin and p‑xylene declined about 1%.

Typhoon Bavi entered China’s 24-hour warning zone at 15:00, now under 900 km from the Zhejiang–Fujian border; its outer spiral cloud bands are already affecting offshore waters. Entry into the 24-hour zone indicates the storm is expected to have a significant impact within 24 hours; meteorological authorities will monitor hourly and issue updates. The Central Meteorological Observatory forecasts Bavi will approach the Zhejiang–Fujian coast and make landfall in the predawn hours of the 12th between Wenling (Zhejiang) and Xiapu (Fujian) at strong-typhoon or typhoon intensity, then turn northwest then north and gradually weaken after landfall.