Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The Japanese government bonds slid on the last trading day of the week Friday tracking a similar movement in the United States’ Treasuries amid a muted trading session that witnessed data of little economic significance.
The yield on the benchmark 10-year JGB note, which moves inversely to its price, slightly gained to -0.092 percent, the yield on the long-term 30-year also edged higher to 0.510 percent and the yield on short-term 2-year too traded tad up at -0.177 percent by 06:30GMT.
UK PM May will hold a third vote on her Brexit deal today, with no clearer sign of any light at the end of the tunnel, albeit this will not include the Political Declaration of the Future Relationship with the EU which will be voted on separately, OCBC Treasury Research reported
Basically, the most likely scenarios in our view remain either that of a longer Article 50 extension with a potential preference for a permanent customs union, or a new election-cum-referendum if the stalemate remains. Meanwhile, US’ 4Q18 GDP growth was revised down from 2.6 percent to 2.2 due to revisions in consumer and government spending.
The S&P500 saw modest gains overnight, while UST bond yields rose, with the 10-year up to 2.39 percent after touching a fresh year-to-date low of 2.34 percent. Amid Mnuchin and Lighthizer’s ongoing trade talks with China, White House advisor Kudlow has warned that trade negotiations could extend for weeks or months to reach a deal, the report added.
Meanwhile, the Nikkei 225 index closed nearly 1 percent higher at 21,205.81, while at 06:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at -67.57 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
