JGBs trade mixed after slight rise in September national core CPI

The Japanese government bonds remained mixed on the last trading day of the week Friday as investors have largely shrugged-off the slight increase in the country’s national core consumer price inflation (CPI), released earlier today.

The yield on the benchmark 10-year JGB note, which moves inversely to its price, jumped 15 basis points to 0.150 percent, the yield on the long-term 30-year note hovered around 0.911 percent and the yield on short-term 2-year slumped 11-1/2 basis points to -0.116 percent by 05:10GMT.

According to a report from Reuters, Japan's core consumer prices rose 1.0 percent in September from a year earlier, government data showed on Friday. The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 1.0 percent annual gain. Stripping away the effect of fresh food and energy, consumer prices rose 0.4 percent in September from a year ago.

Meanwhile, the Nikkei 225 index traded 0.86 percent lower at 22,463.00 by 05:15GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained slightly bullish at 87.72 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex