Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
The United Kingdom’s gilt yields plunged slightly during European trading hours Wednesday ahead of the country’s gross domestic product (GDP) for the second quarter of this year, scheduled to be released on August 9 by 08:30GMT and the manufacturing production data for the month of June, due on the same day for further direction in the debt market.
The yield on the benchmark 10-year gilts, plunged 6-1/2 basis points to 0.449 percent, the 30-year yield slumped nearly 9 basis points to 1.103 percent and the yield on the short-term 2-year traded 2 basis points lower at 0.410 percent by 10:50GMT.
It should be a relatively quiet day for economic news from the UK with just the July Halifax house price survey – which in recent months has provided an unreliable guide to the official data, with a stronger headline rate of price growth (a remarkable 5.7 percent 3m/y in June) probably reflecting the geographical skew of the sample – due for release, Daiwa Capital Markets reported.
Meanwhile, the FTSE 100 traded nearly 1 percent up at 7,231.05 by 10:55GMT.
