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Not Much To Note From Kuroda

JGBS

JGB futures softened overnight as longer dated U.S. Tsys cheapened, albeit within a narrow range, with that contract shedding 5 ticks vs. Tokyo settlement levels.

  • BoJ Governor Kuroda's post-decision press conference provided little in the way notable comments.
  • Elsewhere, rumours have started to do the rounds in the press re: the potential cancellation of this year's Tokyo Olympics.
  • Local national CPI readings saw the 3 major metrics slip further into deflationary territory, while the remainder of today's local docket is headlined by flash PMI readings and a liquidity enhancement auction for off-the-run JGBS with 1-5 years to maturity.
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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