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JGB futures ultimately added 4 ticks in overnight trade given the modest richening in the U.S. Tsy space.
- Flash PMI data and the latest round of BoJ Rinban operations (covering 1- to 3- and 5- to 10-Year JGBs) headline the local docket on Wednesday. We will also get the release of the (outdated) minutes from the BoJ's April meeting.
- Participants will also be aware of the proximity to Thursday's 20-Year JGB auction.