Gold Price Holds Near $4,400 as Hormuz Risks and CPI Drive Markets 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Oil Prices Rise as US-Iran Talks Stall, Inflation Risks Grow 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Australia Housing Crisis Deepens as Worker Shortages Delay Homebuilding 
Add as a preferred source on Google
The Japanese 10-year government bonds traded in a tight range on Friday after the country’s national consumer price inflation (CPI) for the month of May met market expectations, although remaining far from the Bank of Japan’s (BoJ) 2 percent target. In addition, Japan’s manufacturing PMI for the month of May recovered, adding to more sluggishness in bond prices.
The yield on Japan’s benchmark 10-year bond, which moves inversely to its price, slipped slightly to 0.03 percent, the yield on the long-term 30-year hovered around 0.71 percent and the yield on short-term 2-year traded flat at -0.13 percent by 05:00 GMT.
According to the Ministry of Internal Affairs and Communications, the country’s core consumer prices increased 0.7 percent in May from a year earlier, as a result of higher energy costs. Prices rose for the 17th straight month, the statistics bureau said, but still remain well below the BoJ lofty 2 percent inflation target.
Further, the Flash Japan Manufacturing PMI rose to 53.1 in June, from 52.8 in May; output growth accelerated, despite a slower rise in new business.
Meanwhile, the Nikkei 225 index traded 0.80 percent higher at 22,527.00 by 05:10 GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at -64.58 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
