Japanese government bonds traded nearly flat during late Asian session Friday after the country’s national consumer price inflation (CPI) for the month of July disappointed market estimates, although remaining unchanged from that in June
The yield on the benchmark 10-year JGB note, which moves inversely to its price, rose 1/2 basis point to 0.099 percent, the yield on the long-term 30-year note hovered around 0.843 percent and the yield on short-term 2-year too traded steady at -0.113 percent by 05:20GMT.
Japan's core consumer prices rose 0.8 percent in July 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 0.9 percent annual gain. Stripping away the effect of fresh food and energy, consumer prices rose 0.3 percent in July from a year ago, Reuters reported.
Meanwhile, the Nikkei 225 index rose 0.81 percent to 22,592.50 by 05:30GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained slightky bearish at -79.06. For more details, visit http://www.fxwirepro.com/currencyindex


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