The yen strengthened sharply against the US dollar, rallying as much as 1.2% to 158.22 per dollar, leaving traders on high alert for potential foreign-exchange intervention by Japanese authorities. The move followed remarks from Bank of Japan Board Member Hajime Takata, one of the bank’s most hawkish voices, who left the door open for an outsized interest-rate move and back-to-back rate hikes. A gauge of the dollar fell 0.3% as markets reacted to the possibility of policy shifts. Traders are closely watching for signs that authorities are stepping into the market to stabilize or influence the currency’s value.

Brazilian beef exporters face new restrictions from the European Union, threatening access to a higher-priced market. The EU now requires strict traceability and proof that livestock have not been treated with certain growth-promoting antimicrobials. Exporters have until Thursday to demonstrate compliance or risk losing access to the bloc. The new rules are difficult for Brazilian suppliers to meet, raising concerns about the future of beef exports to Europe. The restrictions highlight growing regulatory pressure on agricultural exports and the challenges of aligning domestic practices with international standards.

Broadcom Inc. is under pressure to deliver Nvidia-like earnings after a roughly $520 billion stock decline since early June. The company’s shares have suffered from a disappointing outlook, but investors are hoping for a strong rebound following Nvidia Corp.’s recent blowout results. Nvidia projected 70% sales growth in its next fiscal year, pushing its stock to its best day since April 2025. Broadcom, the third-most valuable chipmaker, is set to report earnings after the market close on Wednesday. The outcome could determine whether the stock recovers or continues its downward trend.