🌅 Morning Update – 22.09.2025 📊 Asian markets started the week on a positive note: 🇯🇵 Nikkei 225 +1.2% 🇨🇳 China A50 +0.66% 🇰🇷 KOSPI +0.52% 🏛️ In the US, lawmakers have until 30 September to pass a funding bill and avoid a government shutdown. 🌍 Geopolitics remain tense: ✈️ Estonia invoked NATO’s Article 4 after Russian MiG-31 jets violated its airspace, while Germany scrambled fighters over the Baltic. 💱 Forex highlights: 📉 Yen remains weak – USD/JPY above 148.35 amid election concerns in Japan. 📈 Antipodean currencies (AUD, NZD) gain, supported by hawkish comments from RBA’s Bullock on strong labour data. 💵 US dollar also firm. 🇵🇱 Moody’s affirmed Poland’s rating at A2/P-1 but revised its outlook to negative, citing fiscal risks and rising deficits ahead of the 2027 elections. 🇨🇳 The People’s Bank of China kept rates unchanged (1Y at 3.0%, 5Y at 3.5%) for the fourth month in a row. ⚡ Commodities: 🥈 Silver +1.5% 🛢️ WTI Oil +0.77% 🥇 Gold +0.35% 🔥 NatGas flat ✨ Stay tuned with NordFX – your edge in volatile markets!