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Lacking Real Impetus Ahead oF The Holidays

JGBS

JGB yields traded either side of unchanged in Tokyo, with little in the way of definitive direction observed across the curve, in a session that plugs a gap between 2 holiday periods (Japanese markets will be closed Monday through Wednesday next week). Futures last +3 vs. the previous settlement level. Local data was mixed, with Tokyo CPI missing, while the labour market report and industrial production reading proved to be firmer than expected. We also saw official confirmation that Japan will deploy Y500bn from its emergency reserves to support businesses hampered by the latest round of COVID-related state of emergencies.

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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