The 10 year is the 'benchmark' yield on Japanese Government Bonds
- Its has registered a 6 month high in trade in Japan this morning
- Yield at 0.09%
You'll recall the BOJ target is to maintain 10-year JGB yield target around zero %. There is no BOJ buying of 10 year JGBs scheduled today at their regular QQE operation: Economic calendar due from Asia today - deck clear for the BOJ
Yen is showing some strength this morning against the USD, but the USD is soft a little more widely (EUR, GBP both up also, for example):
