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Post-Kuroda Dynamics Eyed

JGBS

Early overnight trade saw futures unwind some more of their post-Kuroda bid, after the BoJ Governor pushed back on suggestions that the permitted 10-Year JGB yield band should be widened at the end of the ongoing monetary policy review. The contract was generally more reluctant to turn bid than global counterparts during the overnight session, allowing it to go out near worst levels of the session, -16 vs. Tokyo settlement.

  • The aforementioned oil price and U.S. fiscal dynamics are likely to be in the driving seat early this week, with only lower tier domestic data on the docket.
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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