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Futures Move To Levels Last Seen In Early January


Overnight trade saw futures supported by the broader core FI bid that we have covered elsewhere, as the contract added 49 ticks, hitting the highest level observed since early January in the process, shunting through technical resistance in the form of the January 21 high. The reaction to the offshore-driven bid will be front and centra at the Tokyo re-open, with a lack of notable domestic news flow evident since Tuesday’s Tokyo close.

  • BoJ Rinban operations covering 1- to 5- and 10- to 25-Year JGBs is due later today, while the local economic docket will be headlined by Q4 CapEx data.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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