Futures Cheapen On U.S. Impulse Into Weekend, Kishida Subject Of Smoke Bomb Attack

The impulse from the data-driven & Fedspeak-derived cheapening move in U.S. Tsys applied pressure to JGB futures in post-Tokyo trade ahead of the weekend, before the contract moved away from overnight lows, as the contract closed -11.

• The weekend saw a reiteration of rhetoric from the IMF re: the BoJ, with the director of the Fund's monetary and capital markets department telling the Nikkei that “if new Bank of Japan Gov. Kazuo Ueda makes any monetary policy changes, careful communication with markets will be key in order to mitigate ripple effects on markets.”
• Elsewhere, Japanese PM Kishida was subject of an apparent smoke bomb attack at a campaign event, he was subsequently evacuated with nothing in the way of meaningful injury sustained.
• The domestic docket is essentially empty today.