A member of Poland's MPC said CPI could rise sharply in early 2027.

A global tech-led equity selloff pushed investors into safe havens on Friday, lifting Japanese government bonds and sending yields to multi-month lows. The 10-year JGB yield fell 14.5bps to 2.61%, its lowest since June 26; the 2-year, most sensitive to policy bets, dropped 13.5bps to 1.72% (lowest since Aug. 28); the 5-year fell 16.5bps to 2.025% (lowest since Aug. 6). The rout has prompted a reassessment of the Bank of Japan's chance of hiking next month; traders put the probability of a December hold at 58% and a hike at 42%. Mizuho Securities senior market economist Yusuke Matsuo said if market turmoil persists, the BOJ may find further rate rises more difficult, strengthening incentives to pause.

BofA flags buying opportunities in the Korean won and New Taiwan dollar after an AI-related equity selloff. Claudio Piron, head of Asia FX and rates strategy at BofA Global Research, said both currencies fell with AI-linked stocks but large current-account surpluses provide strong support for long positions. He noted the Taiwan dollar has the highest correlation with AI ETFs among Asian currencies, so its recent weakness looks like forced deleveraging and position squeezes rather than deteriorating fundamentals. Piron added the dollar-strength narrative tied to U.S. exceptionalism and the AI boom has temporarily faded. BofA sees USD/KRW near 1330 by year-end and about 1300 next quarter.