The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.

0225 GMT - Doubts continue over Indonesia's commitment to fiscal rules, Capital Economics' Gareth Leather says in a note. Suahasil Nazara's appointment as new finance minister initially looked like an encouraging shift back toward more orthodox economic policymaking. "However, subsequent developments cast doubt on whether the change in finance minister represents a broader shift in economic policy," Leather says. Parliament has begun discussing whether to change Indonesia's long-standing fiscal rules, including limiting the deficit to 3% of GDP, he says. A recent news report suggests that former Finance Minister Purbaya Yudhi Sadewa's dismissal was mainly due to a dispute with senior finance ministry officials over a reshuffle, rather than a disagreement over fiscal policy, Leather notes. This suggests that President Prabowo Subianto hasn't suddenly become more committed to fiscal discipline or the existing fiscal rules, he adds. (amanda.lee@wsj.com)

0217 GMT - Malaysia's near-term inflation pressures are expected to pick up as higher oil prices feed through to fuel-related costs, but headline inflation is likely to remain around 1.9%-2.0% in September, CIMB analysts Chew Khai Yen and Michelle Chia say in a note. The broader inflation outlook could remain benign, with softer core inflation pointing to contained underlying price pressures, they add. This supports CIMB's view that Bank Negara Malaysia will maintain the overnight policy rate at 2.75% at its November monetary policy meeting. (yingxian.wong@wsj.com)

0141 GMT - The Bank of Japan is likely to raise its policy rate to 1.50% in December following its increase to 1.25% on Friday, Invesco Asset Management (Japan)'s Tomo Kinoshita says in a note. Despite the central bank's recent rate increases, BOJ's quarterly business surveys show that financing by companies has hardly deteriorated, the global market strategist says. Meanwhile, risks of higher inflation have risen due to higher energy prices and the yen's weakness, he says. The Fed's hawkish shift is also increasing risks of the yen's depreciation. Kinoshita expects the BOJ to raise the rate further in March and July next year to bring the rate to 2.0% to end the current tightening phase. (kosaku.narioka@wsj.com; @kosakunarioka)

0138 GMT - Bitcoin rises in early Asian trade and remains above the $80,000 mark. The U.S. Securities and Exchange Commission has introduced a five-year exemption for platforms that facilitate trading tokenized stocks and other securities through blockchain technology. This measure has raised expectations for further integration of traditional financial markets and the infrastructure built around digital assets, says Antonio Di Giacomo of XS.com in a note. Bitcoin rises 1.0% to $81,873.76, LSEG data show. (amanda.lee@wsj.com)

0121 GMT - Australia's major banks are gravitating toward the view that the Reserve Bank of Australia will raise interest rate a further 50 basis points before the end of the year. ANZ and CBA have now adopted that view following hawkish comments last week by senior central bank officials. Recent RBA communications and market pricing are all supporting the case to move earlier thananticipated, says Belinda Allen, economist at CBA. The risk sits with the need to tighten monetary policy further beyond September given the inflation backdrop, but it isn't an easy decision, she adds. (james.glynn@wsj.com; @JamesGlynnWSJ)

0057 GMT - The chip-industry boom is expected to generate substantial corporate cash in South Korea, with the extent to which companies repatriate overseas earnings likely to be a key determinant of domestic financial-market dynamics, Goldman Sachs analysts say. South Korean semiconductor companies are projected to generate roughly 150 trillion won in net cash, equivalent to 4.9% of gross domestic product in 2026, and the figure could rise to 9.3% of GDP in 2027, analysts led by Irene Choi write in a research note. Historically, companies have repatriated around 60% of their foreign-affiliate earnings on average, they note. They expect wage and dividend payments by major chip companies to reach 5.2% of GDP in 2027, the highest level in the available historical data. (kwanwoo.jun@wsj.com)

0042 GMT - The Reserve Bank of Australia is likely to increase the cash rate by 25 basis points in September, with another in November, ANZ says, after adding another hike to its latest projections. That would take the cash rate to 4.85%, the highest since 2008, says Adam Boyton, head of Australian economics at ANZ. The change of view follows hawkish remarks last week by senior RBA officials. The board of the RBA meets early next week. (james.glynn@wsj.com; @JamesGlynnWSJ)

0041 GMT - Japanese bank stocks look relatively attractively valued, as the potential benefit of rising interest rates doesn't appear to be fully priced in, T. Rowe Price's Daniel Hurley says in a note. The U.S. asset manager expects the Bank of Japan to continue to tighten, which will likely present a stock-selection opportunity, the portfolio specialist for Japanese equity strategy says. While T. Rowe Price remains constructive on the long-term potential of artificial intelligence, growth expectations are already reflected to a significant extent in the valuations of many AI stocks, the U.S. asset manager says. Improving corporate governance, stronger capital discipline, dividends and share buybacks can also support companies even where underlying earnings growth is relatively modest, it says. Japan's stock market is closed for holidays Monday through Wednesday. (kosaku.narioka@wsj.com; @kosakunarioka)

0033 GMT - Asian currencies consolidate against the dollar in early trade. Markets will scrutinize a meeting between President Trump and Chinese leader Xi Jinping later this week for signals on the future direction of U.S.-China relations, MUFG Bank analysts say in a report. Economic and trade issues are likely to dominate discussions, while technology and artificial-intelligence-related restrictions are expected to remain key areas of contention. "Any constructive post-meeting statement would support Chinese assets and regional supply-chain beneficiaries," they say. The dollar is little changed at 156.87 yen and 6.6943 offshore Chinese yuan, while the Australian dollar edges 0.1% higher to US$0.7125, LSEG data show. (amanda.lee@wsj.com)

0016 GMT - Attention in Australian financial markets will be on the Reserve Bank of Australia amid high expectations that it will raise interest rates next week. RBA Gov. Michele Bullock "firmly retired" the so-called "narrow path" rhetoric last week, says Tapas Strickland, chief market strategist at Moomoo, Australia. The narrow path emphasized protecting employment while fighting inflation. But Bullock is now pointing hard at the inflation risks, which would be deeply problematic if allowed to persist, he says. Markets now price an 87.9% chance of a rate increase next week, with another fully priced by early 2027.