The Japanese government bond yields improved at close on Wednesday ahead of the country’s super-long 30-year auction and household spending data for the month of February, both scheduled to be unveiled on April 4 by 03:45GMT and 23:30GMT respectively.
The yield on the benchmark 10-year JGB note, which moves inversely to its price, jumped 15 basis points to -0.050 percent, the yield on the long-term 30-year hovered around 0.515 percent and the yield on short-term 2-year improved 3 basis points to -0.154 percent by 06:00GMT.
JGBs also drew mild support as the Bank of Japan offered to buy JPY1.23 trillion ($11 billion) of one- to 10-year bonds at a regular debt-purchasing operation on Wednesday.
Asian markets are trading higher on account of trade talk optimism after United States President Donald Trump said on Tuesday that trade talks between US and China is going on well.
Meanwhile, the Nikkei 225 index closed nearly 1 percent higher at 21,686.50, while at 06:00GMT, the FxWirePro's Hourly JPY Strength Index remained highly bearish at -142.95 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex


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