Futures Fade In Tokyo, Cash Mixed

JGB futures sit 8 ticks below settlement levels ahead of the bell, giving back overnight gains and more as onshore participants played catch up to U.S. Tsy movements in NY and early Asia-Pac hours. The longer end of the curve was lightly bid in cash JGB trade, with 1-10 Year paper a little more mixed as 7s underperformed. Swaps generally widened at the margin.

• The BoJ offered no surprises, leaving its monetary policy settings unchanged at its latest decision, while stressing that economic risks are tilted to the downside, we will publish a more in-depth review of the decision later in the day.
• Focus now moves to BoJ Governor Kuroda's post-decision press conference, ahead of the release of the BoJ's November Rinban outline, Tokyo CPI data, as well as September's prelim industrial production reading and labour market report. All of which are due over the next 24 hours or so.