U.S. Treasury Secretary Bessent said the yen has diverged significantly from its equilibrium value and is severely undervalued, and he is not concerned about the yen strengthening again against the dollar, noting the currency is very cheap and Japan's economy is performing well.

eToro strategist Sam North said in a note the Bank of England's latest policy decision signals it is increasingly close to raising rates. The 6-3 vote to hold rates showed Mann joining Green and Pill in calling for a hike. North warned the Bank risks falling behind the curve and, if higher energy costs pass through to wages and prices, could be forced into more disruptive tightening later. He said the threshold for hiking has clearly lowered.

BANK OF JAPAN Governor UEDA said Policy Board members hold differing views on the inf outlook and he hopes the board can reach some conclusion starting at the next monetary policy meeting.