Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
Australia Sets New Minimum Pay, Insurance Rules for Gig Workers 
Wall Street Slips as Oil Prices Surge 5% on Iran-Hormuz Uncertainty 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing 
Oil Prices Rise as Hormuz Tensions Threaten Global Supply 
Gold Prices Rise as Fed Rate Hike Bets Ease 
South Korean Won Leads Asian FX Losses as Dollar Rises 
Canada, US Hold Fresh Trade Talks as August 19 Tariff Deadline Nears 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Asian Currencies Steady as Markets Await U.S. Inflation Data 
The Japanese government bonds slipped during late Asian session Tuesday ahead of the super-long 30-year auction, scheduled to be held on October 11 by 03:35GMT amid an otherwise 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, rose 1/2 basis point to 0.155 percent, the yield on the long-term 30-year note also gained 1/2 basis point to 0.947 percent and the yield on short-term 2-year too traded tad higher at -0.114 percent by 05:25GMT.
The S&P500 closed lower overnight, while the UST bond market was closed for the Columbus Day holiday. However, global risk sentiments clearly remain vulnerable amid the hardening US-China rhetoric and Chinese equity markets saw a bumpy re-opening after the Golden Week holidays notwithstanding the 1 percent point RRR cut and the improvement in the Caixin services and composite PMIs, OCBC Bank reported in its Daily Treasury Outlook
Lastly, Fed’s Bullard opined that the U.S. will need faster productivity growth in order to maintain above trend growth, and that one can’t read as much in to the US labor market data as in the past due to the weakening correlation with inflation.
Meanwhile, the Nikkei 225 index slumped 1.30 percent to 23,522.00 by 05:30GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained slightly bearish at 76.70 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
