Free Trial

Suga's Approval Hit, Heavy Rinban Slate Eyed

JGBS

JGB futures added 2 ticks in the final overnight session of last week, after a brief re-test of the Tokyo lows. Participants will now have to assess the broader defensive feel witnessed in cross asset trading early on Monday.

  • PM Suga's favourability in the opinion polls has taken a hit in the last couple of week's but still remains healthy in relative terms.
  • As a reminder, after hours Friday saw the Japanese government note that "the Japanese economy is still in a severe situation due to the novel coronavirus, but it is showing signs of picking up."
  • Focus today falls on BoJ Rinban ops covering 1-5, 10-25+ Year JGBs. Elsewhere, services PPI data is due.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.