- Asian shares began the week higher, aided by US stocks finishing at their best in a month as softening inflation expectations drive the global share boom in January. The value of the dollar fell.
- Equity futures for the S&P 500 increased, as did those for Europe, while an index of Asian stocks advanced nearly 0.5%. Japan showed a different picture, with markets falling as the yen's rise weighed on exporters.
- Investors are also waiting for another surprise from the BoJ when it announces policy on Wednesday. For the second day in a row, the yen rose and Japan's benchmark 10-yr bond yield soared over the top of the BoJ's ceiling.
- The dollar fell against both emerging-market and G-10 currencies on expectations that the Fed may decrease the pace of interest-rate hikes. The Australian dollar has risen above 70 cents for the first time since August, reflecting increased desire for riskier assets.
- Bitcoin rose beyond $21,000 on Monday, following a weekend rise amid speculation that it had bottomed.
