Plenty To Eye On Friday

{JN} JGBS: The softness in broader core global fixed income markets allowed futures to tick lower overnight, with the contract shedding 6 ticks vs. Tokyo settlement levels come the bell.

• The Nikkei has reported that Japan's expected extension of the state of emergency in play across several regions (with a formal announcement on that matter potentially coming later today) heightens the chance that the BoJ will extend the life of its package of measures to cushion the economic blow from COVID beyond its current September sunset. The outlet noted that such a move could potentially come as soon as the Bank's June decision.
• Friday's local economic docket will be headlined by the monthly labour market report and Tokyo CPI readings. We will also see the latest round of BoJ Rinban operations covering 3- to 10-Year JGBs.