What are you watching most closely there at the moment?

I think Korea's economy, as you mentioned, is really, really linked to what's going on in terms of the U.S. technology hyperscaler investment trend.

A lot of that demand, it's finding its way through to Korean companies, tech companies, and also, of course, Taiwan.

So both Taiwan and Korea have really benefited from this.

So I think now for now, what we're seeing is that demand remaining really strong.

Korean and Taiwanese exports have been super strong on the back of that.

Korea's economy is doing well.

Which Asian economies to you look most vulnerable if energy prices remain elevated?

Okay, so let's talk about one of the big ones, Brett, hitting its highest levels in quite a while, actually, 100 US, and that's going to spook many different sectors, not just commodities.

That's right.

Well, we've seen since early July, oil prices have risen again very sharply at a time when most people had thought that the MOU between the US and Iran would keep oil prices relatively well subdued.

Oil had come off from a peak earlier of around $120 a barrel all the way back down towards $70.

And obviously, we've backed up significantly now to $100.

And I think there is obviously the Strait of Hormuz, which remains effectively shut again.

There is renewed attacks on both sides that are impacting the region and regional facilities, refineries, exporting capacity, etc.

Where's this line in the sand for the yen?

Okay, so let's talk about one of the big ones, Brett, hitting its highest levels in quite a while, actually, 100 US, and that's going to spook many different sectors, not just commodities.

That's right.

Well, we've seen since early July, oil prices have risen again very sharply at a time when most people had thought that the MOU between the US and Iran would keep oil prices relatively well subdued.

Oil had come off from a peak earlier of around $120 a barrel all the way back down towards $70.

And obviously, we've backed up significantly now to $100.

And I think there is obviously the Strait of Hormuz, which remains effectively shut again.

There is renewed attacks on both sides that are impacting the region and regional facilities, refineries, exporting capacity, etc.

Where's this line in the sand for the yen?