The Japanese 10-year government bond yields slumped over 60 percent in just two months, from 0.102 to 0.04 pips and the Bank of Japan (BoJ) seems in no mood to hint at an exit plan from the current quantitative easing to keep the debt market elevated.
However, as of Tuesday, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, hovered around 0.04 percent, the yield on the long-term 30-year note nearly steadied at 0.70 percent and the yield on short-term 2-year remained flat at -0.15 percent by 05:00 GMT.
Further, caution ahead of Thursday’s JPY1 trillion (USD9.32 billion) 20-year JGB auction also weighed on the longer-dated maturities, as investors felt the U.S.-led strikes on Syria over the weekend looked unlikely to escalate, for now, Reuters reported.
Meanwhile, the Nikkei 335 index traded 0.09 percent higher at 21,853.00 by 05:05 GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at -1.46 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 



