South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
The Japanese government bonds remained mixed on the second trading day of the week Tuesday amid a quiet session ahead of the country’s national consumer price inflation (CPI) data and Bank of Japan (BoJ) Governor Kuroda’s speech, both scheduled to for later in the week for further direction in the debt market.
The yield on the benchmark 10-year JGB note, which moves inversely to its price, rose 1 basis point to -0.011 percent, the yield on the long-term 30-year note hovered around 0.705 percent and the yield on short-term 2-year slumped 15 basis points to -0.149 percent by 05:40GMT.
The disappointing Chinese trade data, which pointed to sharper-than-expected weakness in the Chinese economy and reinforced the downside risks to its 2019 growth and the need for continued policy reinforcement, weighed on many Asian markets yesterday.
Fed’s vice-chair Clarida opined that “a lot has really happened since the first week of December” and “some of the global growth data have been softening”, hence the Fed can be “very patient”, albeit he noted that “I don’t see a recession on the horizon”.
Meanwhile, the Nikkei 225 index closed nearly 1 percent higher at 20,537.50 by 05:45GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at -51.36 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
