JGBs remain flat in muted trading week amid New Year holidays

The Japanese government bonds remained flat during Wednesday, as investors remained sidelined amid a series of government holidays, following the long weekend-off on account of New Year.

The yield on the benchmark 10-year Treasury note, which moves inversely to its price, remained steady at -0.001 percent, the yield on the long-term 30-year note hovered around 0.706 percent and the yield on short-term 2-year too remained flat at -0.140 percent by 05:15GMT.

Meanwhile, the Nikkei 225 index remained lower at 20,014.77 by 05:15GMT, while at 05:00GMT, the FxWirePro's Hourly JPY Strength Index remained neutral at 46.87 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex