Japan 10-year government bond yield fell 4bps to 2.625%.

Mainland A-shares extended early gains: ChiNext rose over 2%, the Shenzhen Component gained over 1.5%, and the Shanghai Composite was up 0.15%.

SOCGEN strategist Kit Juckes said EUR/USD could slow its decline after sliding to a one-year low of 1.1324 as rising Federal Reserve rate expectations and reduced bets on ECB tightening pushed the pair below the 1.14–1.20 range that held most of the past year, which may limit further downside. He said markets have largely repriced Fed and ECB outlooks and that new economic data will be needed to drive the next phase.