Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
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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
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