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Wider Matters To Shape Tokyo Trade

JGBS

JGB futures added 22 ticks in overnight dealing, with ECB speak, soft U.S. PPI data and the Russia-Poland missile situation that we have outlined elsewhere providing a wider bid for core global FI markets, leaving the contract a touch shy of overnight session highs at the close of post-Tokyo trade.

  • Local headline flow has been somewhat limited since Tuesday’s Tokyo close.
  • Core machine orders data headlines Wednesday’s local docket, which will leave wider headline flow and local digestion of Tuesday’s macro drivers at the fore. This should create a bull flattening bias on the JGB curve at the Tokyo re-open.
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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