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JGBS: Bid As Ishiba Continues To Lean Dovish

JGBS
GlobalBulletAPACFixed Income BulletsJapanRegionMarkets

An uptick in JGB futures seen alongside the JPY weakness after Japanese PM Ishiba states that Japan is "not in the environment for an additional rate hike".

  • The initial rounds of post-LDP Party leadership race comments from Ishiba have definitely provided a dovish lean when compared to prior assumptions surrounding his monetary policy preferences.
  • JGB futures add ~15 ticks since the headlines, trading as high as 145.13, through their Tokyo afternoon peak.
  • Late September session highs (145.24/37) present initial resistance areas in the contract.
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An uptick in JGB futures seen alongside the JPY weakness after Japanese PM Ishiba states that Japan is "not in the environment for an additional rate hike".

  • The initial rounds of post-LDP Party leadership race comments from Ishiba have definitely provided a dovish lean when compared to prior assumptions surrounding his monetary policy preferences.
  • JGB futures add ~15 ticks since the headlines, trading as high as 145.13, through their Tokyo afternoon peak.
  • Late September session highs (145.24/37) present initial resistance areas in the contract.