Waller Signals Dovish Stance; Japan May See No Near-Term FX Intervention

Federal Reserve Governor Waller signaled a dovish monetary policy stance, as markets expect the Bank of Japan to have no immediate plans for foreign exchange intervention this Wednesday. Separately, U.S. media reported that Oman has rejected Iran's proposal to levy fees in the Strait of Hormuz, while Trump stated that U.S. military ammunition stockpiles remain fully sufficient.