Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
South Korea’s KOSPI Rebounds as Samsung and SK Hynix Lead Tech Stock Recovery 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
The Japanese government bonds remained mixed on Friday amid ongoing global economic worries in a muted trading session that barely witnessed any data of esteemed economic significance.
At close, the yield on the benchmark 10-year JGB note, which moves inversely to its price, hovered around -0.233 percent, the yield on the long-term 30-year jumped 2 basis points to 0.182 percent and the yield on short-term 2-year slumped 27 basis points to -0.274 percent.
Global risk appetite appears to be attempting to stabilize as the S&P 500 index edged up overnight amid better-than-expected US retail sales data, albeit the UST bond market continued to rally, OCBC Treasury Research reported.
The 10- and 30-year UST bond yields broke through 1.5 percent (for the first time since August 2016) and 2 percent respectively to a low of 1.47 percent and 1.95 percent (record low) and bull-steepened the curve, the report added.
Also, President Trump opined that a trade deal with China must be on US terms and he will have a call with China’s Xi very soon, OCBC further noted in the report.
Meanwhile, the Nikkei 225 index slipped -0.18 percent to 20,368.85 at close.
