Japanese government bonds remained flat in a muted trading session Wednesday as investors wait to watch the country’s trade balance data for the month of July, scheduled to be released today by 23:50GMT.
The yield on the benchmark 10-year JGB note, which moves inversely to its price, slipped 1/2 basis point to 0.100 percent, the yield on the long-term 30-year note hovered around 0.847 percent and the yield on short-term 2-year traded tad lower at -0.115 percent by 05:30GMT.
Market sentiments towards the Turkish crisis appeared to be stabilizing, with the Turkish lira recovering some lost ground and Wall Street also closing higher overnight, whilst UST bond yields were also slightly higher across the board, OCBC Treasury Research reported.
The Bank of Japan maintained the amount in its bond-buying operation on Wednesday, further boosting the market. Traders said results of the BOJ’s buying auction in the 10-year tenor were particularly strong, Reuters reported.
Meanwhile, the Nikkei 225 index fell 0.84 percent to 22,168.50 by 05:40GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at -14.76 (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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