U.S. futures are flat in Asia. But the real story is what's holding them up - and what's about to test it. Nasdaq futures are +0.04%, S&P futures -0.02%, Dow futures flat. The tape is waiting. • S&P 500 futures: 7,830.50 (-0.02%) • $Nasdaq 100 futures: 31,040.00 (+0.04%) • Dow futures: ~52,264 (flat) • $WTI crude: ~4,333 (capped by dollar) Here's the nuance most headlines will skip. The futures are being propped up by two things: falling oil and AI optimism. Crude below $90 eases inflation fears. Meta's Muse AI agent has investors betting on a broader consumer adoption wave. But the bond market isn't cooperating. U.S. Treasury yields are rising as markets price a 56.5% chance of an October Fed hike, up from 42.5% a week ago. The dollar is near a three-month high at 100.55. And the yen is the wildcard. USDJPY at ¥157.40 is deep in intervention territory. Japan is closed for a third straight day. The MoF conducted rate checks last week. Thin liquidity plus a hawkish Fed equals a potential volatility event. If futures are being held up by oil and AI while yields rise, which force wins when the summit starts?