Hormuz vessel strike, rising JGB and UST yields set cautious Asia tone
The first Hormuz vessel strike in 10 days and continued US-Korea pressure talks frame a cautious Asia session, while JGB and UST yields rise and Chinese yields fall on weak data.
Middle East shipping risks are back in focus after the first vessel strike in the Strait of Hormuz in 10 days. US-Korea pressure talks continue, keeping geopolitical uncertainty in the mix for Asian markets.
Japanese government bond yields and U.S. Treasury yields are still climbing. Chinese yields are moving the other way after weak economic data, leaving a split tone across regional rate markets.
Traders are also watching the U.S. Fed minutes for further signals on the rates outlook.
Source: FXStreet Forex News