Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
The Japanese government bonds edged slightly lower Friday as investors booked profits on the last trading day of the week, besides, shrugging-off the dovish comments from the Bank of Japan’s Governor Haruhiko Kuroda.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, rose nearly 1 basis point to 0.03 percent, the yield on the long-term 30-year note hovered around 0.70 percent and the yield on short-term 2-year remained tad lower at -0.15 percent by 05:10 GMT.
Weakness in the JGBs is underlined by ever dovish comments from the Bank of Japan (BoJ) Governor Kuroda. Kuroda said earlier on Thursday that “the BoJ will maintain QQE (Quantitative and Qualitative Monetary Easing) with yield curve control for as long as needed to achieve 2 percent inflation in stable manner” which comes in-line with current monetary policy guidelines and is not as much as a surprise for the market, however enough to keep the yen from rising in the current environment.
Kuroda further said Japan’s economy will continue expanding moderately as rising household income drives up spending.
Meanwhile, the Nikkei 225 index traded 0.73 percent higher at 21,816.50 by 05:05 GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained highly bearish at -109.85 (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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