HSBC cut Honeywell (HON.O) price target to $288 from $299.79.

Takayuki Miyajima, economist at Sony Financial Group, said Prime Minister Sanae Takaichi's expansionary fiscal policy remains one of the biggest risks to the JGB market. He noted the US government has voiced concern over a weak yen and rising JGB yields, making it unlikely Takaichi's administration would press ahead with fiscal expansion while disregarding market and Washington objections. Miyajima added that if that expectation proves wrong, the fiscal risk premium could rise again and push the 10-year JGB yield well above 3%.

On 24 (local time) Pakistan Army chief Munir met Iran parliament speaker Ghalibaf in Tehran. Ghalibaf said the US has repeatedly failed to honor the Islamabad MoU, arguing those breaches have impeded regional stability and urging the US to fulfill its MoU commitments; he said Iran is working to implement the agreement's terms. Munir said Pakistan will continue efforts to restore regional stability.