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Futures stuck to a 10-tick range,.......>

JGB SUMMARY
JGB SUMMARY: Futures stuck to a 10-tick range, last trading up 7 ticks at 150.75
with 10-year yields at 0.059%, 0.8bp lower on the day.
- The space was supported by the reappointment of BoJ Gov. Kuroda for a second
term and confirmation that two doves (Amamiya & Wakatabe) will act as his
deputies, with the announcement symbolising a degree of consensus within the
upper echelons of the Bank.
- Elsewhere the latest liquidity enhancement auction in the to 15.5-39 Year
sector produced a stable cover ratio.
- Moving forwards the Jan 4 high at 150.84 provides initial resistance for
futures, while the 100 DMA at 150.62 should act as the initial line of support. 
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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