Asian markets reach the mid-point of the week still sailing in fairly calm waters, although signs that the recent decline in U.S. bond yields and the dollar ...
A man walks past an electronic screen displaying the current Japanese Yen exchange rate against the U.S. dollar and other foreign currencies in TokyoAsian markets reach the mid-point of the week still sailing in fairly calm waters, although signs that the recent decline in U.S. bond yields and the dollar is losing steam could be about to suck the life out of the recent rally in risk assets too.
There doesn't appear to be any obvious local catalyst on Wednesday to give markets much impetus one way or the other, with only unemployment and trade figures from the Philippines and trade data from Taiwan on the calendar. Meanwhile, investors got another reminder on Tuesday - as if they needed one - of frayed Sino-U.S. relations when TikTok and its parent company ByteDance sued in U.S. federal court seeking to block a law signed by President Biden that would force the divestiture of the popular short video app or ban it.
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