Nikkei -1.01% to 64005.75, USD/JPY -0.11% to 157.48; Brent +1.45% to $112.40/bbl → JPY-denominated crude import cost up 3.2%. JODI: Japan crude imports 2492 kb/d, refined products stock 104521 kb — high inventory fails to offset dual shock of yen strength & oil rally.

Brent and WTI fell 0.87% and 0.85%, driven by surging US Treasury yields dampening risk appetite; fuel oil (+3.68%) and bitumen (+3.15%) signal persistent regional supply rigidity; USD/JPY rose to 157.96, widening US-Japan yield differential — geopolitical risk premium has narrowed from peak but remains unpriced-out.

On Oct 16 USD/JPY printed 158.12 (+0.09%) and USD/KRW 1346.41 (+0.35%), both firmer, while USD/CNY held at 6.6919 (+0.02%), barely moved. Asia's currencies split against the dollar. Transfer chains that buy in dollars and resell into Japan and Korea now face a currency-mismatch repricing.

WTI down 0.65% to $97.34; Brent down 0.50% to $105.39; Brent–WTI spread widens to $8.05 — widest in 3 weeks; USD/JPY rallies to 158.14, reinforcing JPY-driven inflation repricing.

WTI surged +1.76% to $95.80/bbl—3.1× Brent’s +0.57%; USD/JPY rose to 158.43, amplifying hedging pressure on Asian refiners; fuel oil futures jumped +3.40%, signaling longer Middle East hauls and higher war-risk insurance costs.