The Japanese government bonds remained tad higher on Tuesday, as investors expect to see a slump in the country’s gross domestic product (GDP) for the third quarter of this year, scheduled to be released today by 23:50GMT.
Also, the industrial production for the month of September is seen to remain weak as well, scheduled to be released on November 14 by 04:30GMT.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, traded lower at 0.118 percent, the yield on the long-term 30-year note slipped 1/2 basis point to 0.879 percent and the yield on short-term 2-year too remained tad lower at -0.136 percent by 05:50GMT.
According to a report from Nasdaq, "Japan's economy was expected to shrink in the third quarter after natural disasters disrupted production and a slowdown in overseas demand undermined exports."
"Gross domestic product (GDP) grew an annualised 3.0 percent in April-June on strong capital spending, the fastest growth since 2016, but was seen shrinking 0.3 percent quarter-on-quarter in July-September, an annualised rate of 1.0 percent", Nasdaq added.
Meanwhile, the Nikkei 225 index slumped 2.25 percent to 21,767.00 by 05:50GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 46.87 (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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