JGB futures edge higher in early Tokyo trade at 0010 GMT amid mixed signals. The market could be supported by overnight price gains in U.S. Treasurys, given both JGBs and Treasurys tend to move in tandem.
On the other hand, JGB prices may be weighed by the latest climb in crude oil prices that usually leads to higher inflation in Japan and might spur the Bank of Japan to raise rates at a faster pace. Investors may also adopt a wait-and-see stance ahead of the BOJ’s two-day meeting starting Thursday.
Benchmark 10-year is 0.03 yen higher at Y127.26, according to Wall Street Journal Markets reporter Ronnie Harui.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing