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The Washington Post (WaPo) is out with the latest headlines, citing that the US President Trump is likely to proceed with F-16 fighter jets sale to Taiwan.

This headline is likely to add the ongoing US-China trade escalation and bode ill for the higher-yielding risk assets.

However, as of writing, improved risk tones seem to be the dominant theme in the Asian session, as Treasury yields and US equity futures recover alongside broad-based US dollar strength.