Dollar Steady as Markets Await U.S. Inflation Data 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
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The Japanese government bonds remained flat during Asian session Wednesday as investors remained side-lined in a muted trading session amid lack of economically significant data. Investors will now be focussing on the country’s national consumer price inflation (CPI) data for the similar period, scheduled to be released today by for further direction in the debt market.
The yield on the benchmark 10-year JGB note, which moves inversely to its price, slipped remained tad higher at 0.101 percent, the yield on the long-term 30-year note hovered around 0.844 percent and the yield on short-term 2-year too remained steady at -0.140 percent by 05:15GMT.
According to a report from FxStreet, citing a HSBC preview, "The Bank of Japan's preferred measure of core inflation, which excludes fresh food and energy product prices, we expect to be unchanged at 0.4 percent y/y for the third consecutive month in October."
"This, in our view, reflects still benign growth in wages despite extremely tight labor market conditions. Meanwhile, headline inflation likely accelerated in October, led by higher energy prices reflecting global oil prices," the report added.
Meanwhile, the Nikkei 225 index slipped 0.45 to trade at 21,488.00 by 05:25GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 44.10 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
