Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
The Japanese government bonds faltered during Asian session Tuesday as investors’ risk sentiments improved, although the steady demand from the latest 10year auction held early today, helped to cushion further losses.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, rose nearly 1 basis point to 0.04 percent, the yield on the long-term 30-year note climbed nearly 1-1/2 basis points to 0.74 percent and the yield on short-term 2-year traded tad higher at -0.12 percent by 04:45 GMT.
Tuesday’s JPY2.2 trillion (USD20.17 billion) 10-year JGB auction attracted demand from investors, with the Bank of Japan (BoJ) expected to conduct a regular debt-purchasing operation on Wednesday focusing on bonds of longer-dated maturities.
The bid-to-cover ratio, a gauge of demand, at the 10-year sale rose to 4.20 from 4.16 at the last sale in April.
Meanwhile, Japan’s benchmark Nikkei 225 stock index continued to gain, buoyed by rise in tech stocks, trading 0.16 percent higher at 22,502.50 by 05:05 GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 67.21 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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