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year yields tops 1.10% before easing back



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  • JGB 10-year yield as high as 1.101% early Tokyo before falling back

  • Seems Tokyo wavering on whether BOJ will hold or hike

  • Majority still for a hold but USD/JPY, rates, higher, fundamentals better

  • Thinking amongst some BOJ could hike reasoning just following market lead

  • BOJ announcement likely in about an hour but could be later

  • A later announcement would suggest heated debate, possibility of hike?

  • Related nL2N3N6031, polls et al nL4N3NJ0CT, nL4N3NB0GY

  • For more click on FXBUZ


Yield on JGB 10s - hourly: https://tmsnrt.rs/401Motw

(Haruya Ida is a Reuters market analyst. The views expressed are his own)

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