Dalian Commodity Exchange opens public consultation on a coke futures and options contract.

Tatsuo Yamazaki, a former top foreign-exchange official at Japan’s Ministry of Finance, said in a Monday interview the yen should appreciate by as much as 20% to roughly ¥130 per $1 and that a 10% undervaluation estimate may be conservative. He said the issue is how market expectations shift rather than fundamentals and warned authorities have moved beyond warnings and are prepared to intervene, creating a risk of forced covering for yen short positions.

Brent crude down 1.00% intraday at $71.32/barrel.