Germany Producer Prices Rise 1.8% in June, Missing Forecasts 
Gold Climbs Above $4,000 as Middle East Tensions and Fed Outlook Drive Safe-Haven Demand 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
Asian Currencies Hold Steady as Fed Outlook Offsets Middle East Tensions 
Asian Markets Cautious as Oil Tops $90, AI Earnings and Fed Rate Fears Weigh on Sentiment 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
US Dollar Holds Near One-Week High as Middle East Tensions and Oil Prices Drive Market Sentiment 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Deutsche Bank Says Fed Balance Sheet Cuts Could Weaken US Dollar Instead of Boosting It 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
Japanese government bonds remained tad higher on the last trading day of the week in a muted session that witnessed least investor interference amid a slew of geopolitical tensions surrounding China and Turkey with the United States. However, China is said to resume its trade talks with the U.S. by end of this month.
The yield on the benchmark 10-year JGB note, which moves inversely to its price, slipped 1/2 basis point to 0.095 percent, the yield on the long-term 30-year note also fell 1/2 basis point to 0.846 percent and the yield on short-term 2-year traded nearly 1-1/2 basis points lower at -0.127 percent by 04:50GMT.
Major equity markets rose overnight, with Wall Street higher after Walmart reported its best sales growth in over a decade and commodity stocks rebounded, while the USD saw its first decline in six days. The Turkish lira also rallied for a third day before paring gains after US Treasury Secretary Mnuchin warned of more Turkish sanctions if President Erdogan refuses to release an American pastor, OCBC Treasury Research reported in its 'Daily Outlook'.
Ahead of Chinese Vice Commerce Minister Wang Shouwen’s visit to the US for trade talks in late August, US President Trump has opined that “we’re not going to do any deal until we get one that’s fair to our country”, the report added.
Meanwhile, the Nikkei 225 index rose 0.40 percent to 22,280.00 by 05:00GMT, and at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral). For more details, visit http://www.fxwirepro.com/currencyindex
