The Japanese government bonds remained flat on Thursday after the country’s national consumer price inflation (CPI) data for the month of October met market expectations, unchanged from the prior reading in September as well, ahead of a long holiday on account of Thanksgiving Day.
The yield on the benchmark 10-year JGB note, which moves inversely to its price, remained tad higher at 0.094 percent, the yield on the long-term 30-year note hovered around 0.826 percent and the yield on short-term 2-year remained flat at -0.140 percent by 06:35GMT.
A report from Reuters confirmed that Japan’s annual core consumer inflation was unchanged in October from the previous month as soft household spending kept firms from hiking prices, a sign the economy lacks the momentum needed to achieve the central bank’s 2 percent target.
The country’s nationwide core consumer price index (CPI), which strips away the effect of volatile food costs, rose 1.0 percent in October from a year earlier, government data showed on Thursday, matching a median market forecast.
Meanwhile, the Nikkei 225 index closed 0.65 higher at 21,646.60 by 06:40GMT, while at 06:00GMT, the FxWirePro's Hourly JPY Strength Index remained slightly bearish at -85.95 (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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