Trump, Xi Focus on Trade and AI at White House Summit 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
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The Japanese government bonds remained tad lower Tuesday ahead of the country’s trade balance data for the month of September, due to be released on October 17 by 23:50GMT and national core consumer price inflation (CPI), due on October 18 by 23:30GMT for further direction in the debt market.
The yield on the benchmark 10-year JGB note, which moves inversely to its price, rose 1/2 basis point to 0.149 percent, the yield on the long-term 30-year note remained tad higher at 0.917 percent and the yield on short-term 2-year traded flat at -0.113 percent by 06:00GMT.
While Wall Street did trend south overnight, oil prices however rose given mounting political turmoil, though short-covering behaviour after lower prices were seen by negative market data cannot be fully discounted.
Given the uptick in uncertainties seen this week, do expect Asia trading to take a cautious tone; Asian stock futures appear poised for a muted start today amid higher safe haven valuation seen in gold and the yen, OCBC Bank reported in its latest Daily Treasury Outlook.
Meanwhile, the Nikkei 225 index closed 1.14 percent higher at 22,524.50 by 06:05GMT, while at 06:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 39.02 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
