The yields on 10-year Japanese government bonds fell Thursday, following softness in benchmark equity index, which plunged to near 2-week low, following lack of clarity by the United States President-elect Donald Trump in his news conference held on Wednesday. Also, investors are awaiting the Bank of Japan’s first monetary policy meeting of 2017, scheduled to be held by end-January.
The benchmark 10-year bond yield, which moves inversely to its price, fell 1/2 basis point to 0.05 percent, the long-term 30-year bond yields dipped over 1 basis point to 0.75 percent while the yield on short-term 2-year note rose 2 basis points to -0.22 percent by 07:00 GMT.
The Japanese government bonds have been closely following movements in the U.S. debt market. The U.S. benchmark 10-year bond yields fell 6 basis points to 2.33 percent, from yesterday’s high of 2.39 percent.
Moreover, Donald Trump in his public appearance said that he is handling over his personal businesses to his son to avoid future discrepancies. Regarding a relationship with Russia, he claimed that association with Vladimir Putin is an asset, rather than a liability.
Meanwhile, the benchmark Nikkei 225 closed 1.27 percent lower 19,118, and the Topix index ended -0.97% lower at 1535.41, while at 7:00GMT, the FxWirePro's Hourly Yen Strength Index remained slightly bullish at 89.98 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
