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JGB futures recouped their Kuroda-inspired.....>

JGBS
JGBS: JGB futures recouped their Kuroda-inspired losses, with futures trading up
38 ticks at 138.09.
- The 7-Year sector outperformed on the curve, as the political situation in
Italy & fears over Trump's trade policy underscored demand for fixed income
assets.
- The BoJ Deputy Governors' confirmation hearings offered little for traders to
act on as known reflationist Wakatabe stuck to script, while BoJ insider Amamiya
offered little fresh insight into his thought process.
- From a technical perspective, JGB futures were able to reclaim 150.98, which
should provide bulls with some breathing room, and return focus to 151.15-19
where 2018 highs are located.
- Traders await this week's BoJ MonPol decision for more clarity re: Kuroda's
recent comments.
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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