Global risk tone shifted as reports indicated Japan may raise interest rates in Q4, supporting the yen and safe-haven demand. Markets weighed implications for carry trades and Asian equities. Separately, Russia mobilized reservists to secure critical refineries after Ukrainian drone strikes, adding energy-infrastructure risk premium to regional markets. Commodity desks flagged potential supply-chain disruptions if attacks persist. Investors monitored crude spreads, European gas storage, and freight routes for knock-on effects. Geopolitical developments and monetary policy paths remained central to near-term cross-asset positioning.