The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.
0227 GMT - The Singapore dollar consolidates against its U.S. counterpart but may be weighed by rising Middle East tensions. "President Trump has announced that the U.S. will reinstate a blockade of Iranian vessels transiting the Strait of Hormuz, while also demanding a 20% reimbursement fee on all other cargo passing through," DBS Group Research's Chang Wei Liang says in a commentary. "We maintain our view that oil prices will be volatile and structurally elevated," the foreign-exchange and credit strategist says. Oil-sensitive Asian currencies could come under pressure today due to the sharp rise in energy prices, the strategist adds. The U.S. dollar is little changed at 1.2941 Singapore dollars, according to LSEG data. (ronnie.harui@wsj.com)
0205 GMT - Bitcoin rises in early Asian trading ahead of U.S. CPI data. Investors are keeping an eye on any new information on monetary policy and geopolitical developments, says Ameera Khalid, founder of financial markets education and trading platform Skoub. Rising regional tensions, persistent inflationary pressures, or a more hawkish stance from Fed members may add further selling pressure on cryptocurrencies. Bitcoin is up 0.5% to $62,464.82.(amanda.lee@wsj.com)
0119 GMT - The dollar seems to be in a "decent" uptrend against the yen from Monday's low, based on the one-hour chart, StoneX's Matt Simpson says in commentary. The dollar-yen pair has been testing weekly "R1" pivot point while staying above its daily, weekly and monthly volume-weighted average prices, the senior market analyst notes. However, traders should note that July's volume point of control for the dollar is at 162.69 yen, which aligns with last week's high and could offer resistance, Simpson says. "It could then come down to the U.S. inflation report [due out later today] to determine whether we see a meaningful breakout or a deeper pullback," the analyst adds. The dollar is 0.1% lower at 162.32 yen, LSEG data show. (ronnie.harui@wsj.com)
0108 GMT - The latest communication from the Reserve Bank of New Zealand is clearly hawkish, particularly given it was delivered by one of the most dovish members of its Monetary Policy Committee, says Andrew Boak, chief economist at Goldman Sachs. RBNZ chief economist Paul Conway said in a speech, "Monetary policy may need to respond more firmly to re-anchor inflation expectations." Boak continues to expect the RBNZ to raise the official cash rate by a further 25 basis points to 2.75% in September, and says the speech highlights the risk of additional near-term rate hikes. (james.glynn@wsj.com; X @JamesGlynnWSJ)
0038 GMT - Asian currencies consolidate against the dollar in early trade, but may be weighed by risk-off sentiment. "Renewed concerns about energy supply disruption in the Strait of Hormuz" has weighed on risk sentiment, CBA's Carol Kong says in a research report. "The flare-up of military confrontation between the U.S. and Iran risks pulling AUD/USD down to support at 0.6847," the economist and currency strategist says. The Australian dollar is little changed at US$0.6918, while the U.S. dollar is flat at 162.41 yen and is steady at 33.50 baht, LSEG data show. (ronnie.harui@wsj.com)
0024 GMT - JGBs are mixed in early Tokyo trade, but may be weighed by overnight price declines in U.S. Treasurys. Both JGBs and Treasurys tend to move in tandem. Meanwhile, investors may focus on today's auction by Japan's Finance Ministry of about 700 billion yen of 20-year JGBs. "The recent drop in yields makes broad-based investor demand seem unlikely," SMBC Nikko Securities' Miki Den says in a research report. However, "short-cover demand should provide a certain degree of support," the senior Japan rates strategist adds. The 10-year JGB yield is up 1 bp at 2.795%; the 20-year yield is unchanged at 3.745%; the 30-year yield is down 1.5 bps at 3.890%. (ronnie.harui@wsj.com)
0014 GMT - Japanese stocks are lower in early trade, tracking Wall Street's losses overnight. There have been developments such as the "intensification of {two-way) kinetic action by Iran and the U.S. on Sunday and Monday," which have made for a "very poor start of the week for risk assets," NAB's head of FX Strategy Ray Attrill says in commentary. Among the worst performers on Japan's benchmark index, Yaskawa Electric slips 8.8%, Fujikura drops 6.4%, and Kokusai Electric drops 6.4%. The dollar is at 162.39 yen versus 162.30 yen around Monday's Tokyo market close. The Nikkei Stock Average is down 1.4% at 66287.24. (ronnie.harui@wsj.com)
2352 GMT - Australian inflation expectations rose 0.3 percentage points to 5.7% last week, snapping a four-week decline. The ANZ-Roy Morgan data may reflect growing inflation risks, as the Middle East conflict re-escalated during the survey period, the survey says. Still, inflation expectations have been trending down since April. On a four-week moving average basis, inflation expectations are at their lowest level since mid-March, it adds. (james.glynn@wsj.com; X @JamesGlynnWSJ)
2338 GMT - Japanese stocks may fall, tracking Wall Street's losses overnight. Domestic technology equities may be pressured lower in the wake of the sharp selloff in U.S. chip stocks, which has rattled investor confidence in the artificial-intelligence trade. The Nikkei futures are 450 points lower at 66870 on the SGX. The dollar is at 162.40 yen versus 162.30 yen around Monday's Tokyo market close. The Nikkei Stock Average closed 1.9% lower at 67242.73 on Monday. (ronnie.harui@wsj.com)
2301 GMT - U.K. retail sales climbed in June, helped by the World Cup, and despite record high temperatures, a report shows. For the five weeks from May 31 to July 4, retail sales in the U.K. rose 1.9% on year, according to a report from the British Retail Consortium and KPMG. "While in-store sales were stifled by soaring temperatures, the proportion of sales online was the highest of 2026, bolstered by well-timed promotions," BRC Chief Executive Helen Dickinson says. Retailers saw strong demand for fans and air conditioning units, while the World Cup helped home electronics sales, as well as those for food and drink. Yet, retailers continue to face political uncertainty, and the impact of the war in the Middle East could further undermine consumer confidence, the report says. (andrea.figueras@wsj.com)
1946 GMT - Treasury yields rise as oil futures rally nearly 10% after President Trump revived the naval blockade in Hormuz. June CPI is due tomorrow and expected to reflect a decline in energy costs linked to peace talks. That decline is greatly undone by the recent escalade in tensions. The WSJ Dollar Index rises 0.2%. Tradeweb notes the one-year yield, at 4.114%, is exceptionally higher than the Fed's 3.50%-3.75% policy target, underpinning the prospect of rate hikes. Fed Chairman Warsh has his first congressional hearing tomorrow. The 10-year yield rises 0.042 percentage point to 4.610%. The two-year increases 0.054 p.p. to 4.261%, the highest since February 2025. (paulo.trevisani@wsj.com; @ptrevisani)
1814 GMT - The Bank of Canada is likely to leave its policy interest rate unchanged Wednesday but suggest in its statement a hiking bias, reflecting continued concern on inflation, Macquarie's David Doyle says. The economist is expecting further labor market improvement in Canada and an ongoing pickup in economic growth, paving the way for a first interest rate increase that probably will be in October. Doyle says a further half percentage point in rate rises is anticipated in the first half of next year. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
July 13, 2026 22:27 ET (02:27 GMT)
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