JGBs edge lower after U.S. 10-year Note yield hits highest since 2014; BoJ's policy decision in focus

The Japanese government bonds edged slightly on the downside Monday, tracking similar movement in the U.S. 10-year benchmark counterpart, which hit its highest in over 4 years, following disappointment in the Asian stocks as investors awaited the earnings result from the world's largest corporations.

The yield on the benchmark 10-year JGBs, which moves inversely to its price, remained tad higher at 0.06 percent, the yield on the long-term 30-year note rose 1 basis point to 0.74 percent and the yield on short-term 2-year too traded nearly 1 basis point higher at -0.12 percent by 05:10 GMT.

The United States President Donald Trump, over the weekend, said that there is still a long way to go before the North Korean nuclear crisis is resolved, which again injected a sense of caution across the bourses.

Also, market participants are keeping a close eye on the release of global manufacturing PMI for the month of April, to note if at all, any softness in Q1 is pressurizing the risk sentiments.

Meanwhile, the Nikkei 225 index slipped 0.30 percent to trade at 22,096.50 by 05:15 GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 40.92 (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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