Yellen Warns on Inflation, PBOC Boosts Yuan, North Korea Risk Rises

1. Former US Treasury Secretary Yellen warned that an Iran war could create supply shocks, putting more pressure on inflation.
2. China's central bank (PBOC) set the Yuan mid-point at its strongest level since March 2023, signaling significant market intervention.
3. IAEA Chief Grossi stated there are signs of a "very serious" increase in North Korean nuclear weapons production, heightening geopolitical risk.