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BoJ & CPI Due


JGB futures finished 6 ticks lower come the end of overnight dealing, generally following the wider moves in U.S. Tsys. We note that the late NY uptick in U.S. Tsys, centring on Pentagon worry re: the potential for Russian nuclear provocations (fleshed out elsewhere), may provide a bid for the space early on.

  • Domestically, it will be the latest monthly CPI reading and BoJ monetary policy decision that take focus. The latter is expected to be a bit of a non-event, although focus will fall on the BoJ’s choice of rhetoric surrounding downside risks to the economy stemming from the Ukrainian crisis. The Bank will continue to stress that its current easing stance is required, given the nature of the current inflationary shock. Click here for our full preview of the meeting.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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