Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
The Japanese government bonds traded tad higher Tuesday as investors wait to watch the Bank of Japan’s monetary policy decision for the month of September, scheduled to be unveiled on September 21. Further, a victory by Prime Minister Shinzo Abe in the snap election could increase the chance for BoJ Governor Kuroda to be given the second term in 2018, fueling investors’ expectations for a weak yen and an extended period of loose monetary policy.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, slipped 1 basis point to 0.03 percent, the yield on long-term 30-year also fell nearly 1 basis point to 0.84 percent and the yield on short-term 2-year traded flat at -0.14 percent by 03:40 GMT.
The BoJ is widely expected to stand pat this Thursday. The recent production and consumption data suggest that the economy continued to expand in Q3 2017, although the pace has slowed compared to the above-potential levels in Q2 2017. Thanks to the positive growth outlook in the short-term, there is little pressure for the BoJ to add monetary stimulus.
In the financial markets, the JGB yield curve is well anchored. The 10-year JGB yield hovered in the range of -0.1-0.1 percent over the past one year since the central bank introduced the Yield Curve Control policy in Sep16 and set the long-term rate target at “around zero percent”.
The quantities of bond purchases were managed in a flexible manner. This month, for instance, the BoJ trimmed its buying of 5-10 year JGBs during the regular bond operation plans, thanks to rising demand for safe assets from the private sector amid the escalation in North Korea tensions.
Meanwhile, Japan’s Nikkei 225 jumped 1.44 percent to 20,197.00 by 03:45GMT, while at 03:00GMT, the FxWirePro's Hourly Yen Strength Index remained neutral at -45.74 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
