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Tokyo Traders Eye Key Inflation Data as They Consider Bets on BOJ Policy Tweaks

From bnnbloomberg.ca

Japan bond bears are turning their attention to Friday’s inflation data, the next potential catalyst for speculation about looming monetary policy tweaks that would bump up yields. Moves in Tokyo markets point to an emerging sense of caution about the possibility the Bank of Japan may adjust its control of government bond yields next week, in part because of rising price pressures. The 10-year bond yield has edged up toward the BOJ’s 0.5% ceiling, while the yen has pared its recent weakness against the dollar. Japan’s inflation figures from June are expected to show growth in key consumer prices excluding fresh food ... (full story)

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  • Category: Fundamental Analysis