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Refinitiv, citing sources, said Japan has no plan for a broad overhaul of the Government Pension Investment Fund's (GPIF) asset allocation. The yen weakened about 0.4% to 162.36 per dollar and JGB futures extended losses after the report. Sources add

2026-07-13

Refinitiv, citing sources, said Japan has no plan for a broad overhaul of the Government Pension Investment Fund's (GPIF) asset allocation. The yen weakened about 0.4% to 162.36 per dollar and JGB futures extended losses after the report. Sources added Japan could still use existing allowances to shift some Pension funds into domestic assets. Last week Japan's finance minister Katayama urged large pension funds, including GPIF, to boost domestic allocations, a call that had earlier supported the yen and JGBs. Some investors questioned whether the yen rally can be sustained given geopolitical risks, fiscal concerns and persistent interest-rate differentials.

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2026-07-13

CHINA'S SHANGHAI COMPOSITE INDEX extended afternoon losses to 2%.

CHINA'S SHANGHAI COMPOSITE INDEX extended afternoon losses to 2%.
2026-07-13

According to Iranian media: Hours ago, a hostile U.S. drone was successfully intercepted and destroyed by the Army's surface-to-air missile system.

According to Iranian media: Hours ago, a hostile U.S. drone was successfully intercepted and destroyed by the Army's surface-to-air missile system.
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