Hormuz Vessel Strike Reported as Asian Bond Yields Diverge
Asia markets are tracking the first reported vessel strike in the Strait of Hormuz in 10 days, ongoing US-South Korea pressure talks, and diverging sovereign yield moves.
Asia markets are tracking several risk events. The first reported vessel strike in the Strait of Hormuz in 10 days has been flagged, adding geopolitical risk to the regional backdrop.
US-South Korea pressure talks continue, while Japanese government bond yields and US Treasury yields keep rising even as Chinese yields fall on weak economic data.
US Federal Reserve minutes are also on the agenda and may shape the next move in rates and FX markets.
Source: FXStreet Forex News