According to the International Copper Study Group, the global Copper market recorded a supply surplus of 147 thousand tons in the first eight months of the year, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
USD/JPY trades around 151.90 on Tuesday, up 0.80% for the day at the time of writing, as investors react to the confirmation of Japan’s new government and the unveiling of its cabinet.
The Japanese Yen (JPY) turns lower against the US Dollar (USD) for the third straight day on Tuesday, though the downside seems limited ahead of Japan's parliamentary vote on a new Prime Minister.