BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
The Japanese 10-year government bond yield touched a 2-week low during late Asian session Tuesday as investors are glued to tracking the Bank of Japan’s (BoJ) dovish tone in the latest monetary policy statement released last Friday amid a dearth of economically significant data throughout this week.
Further, the BoJ has kept the purchase of government bonds unchanged at its daily market operations today.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, slumped nearly 2 basis point to 0.03 percent, the yield on the long-term 30-year note plunged nearly 2-1/2 basis points to 0.72 percent and the yield on short-term 2-year traded nearly 1 basis point lower at -0.13 percent by 04:55 GMT.
The central bank has removed previous wording on reaching 2 percent inflation around FY2019, while leaving its inflation forecasts largely unchanged. The change underscores just how much more time will be needed to reach its 2 percent target, even as other major central banks move further down the road to policy normalization, Bloomberg reported.
Further, in the latest quarterly outlook report released by the BoJ, the central bank noted that the economy is "likely to continue growing at a pace above its potential in fiscal 2018". For 2019 and 2020, "the economy is expected to continue on an expanding trend supported by external demand". Ex-fresh food CPI continued to show "relatively weak developments" when excluding the effects of energy prices.
Meanwhile, the Nikkei 225 index traded 0.17 percent higher at 22,506.00 by 04:55 GMT, while at 04:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 30.82 (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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