REUTERS SURVEY: 79% of economists say the yen is too weak at roughly 160 per dollar relative to Japan's economic fundamentals.

Axios, citing sources, reports Israel’s new Mossad chief Roman Gofman visited Washington two weeks ago to meet US officials on the Israel‑Iran conflict and Iran’s nuclear program. It was his first US trip since taking office in June and occurred just before renewed tensions in the Strait of Hormuz and a flare‑up in fighting. Gofman’s visit aimed to coordinate nuclear‑deal negotiations with the White House; he met with CIA director Ratcliffe and White House officials. Sources say Ratcliffe, within Trump’s core decision circle, has been skeptical of a US‑Iran memorandum and warned Iran could interpret agreement terms differently from the US, including provisions related to the Strait of Hormuz.

Sources say Glencore plans large-scale withdrawals of lead from LME warehouses.