Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
The Japanese government bond yields jumped after investors shifted their interests toward riskier assets following a short-covering across all markets.
The yield on the benchmark 10-year JGB note, which moves inversely to its price, improved to -0.062 percent, the yield on the long-term 30-year surged nearly 3 basis points to 0.534 percent and the yield on short-term 2-year jumped to -0.165 percent by 06:40GMT.
Asian markets recovered sharply after the benchmark Nikkei 225 index jumped more than 2 percent on short covering. Global markets shown a massive sell-off yesterday on declining bond yield.
US 10-year yield hit 2.37 percent yesterday lowest level since 2017. US 3 month and 10 year yield has inverted for first time since 2007. USD/JPY has halted its weakness and shown a minor recovery above 110. US markets has closed flat with Dow Jones at 25516 (0.06 percent higher) and S&P500 2798 (0.08 percent lower).
Meanwhile, the Nikkei 225 index jumped over 2 percent to 21,416.50 at the time of closing, while at 06:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 56.69 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
