Japan’s 10-year government bond yield has reached a three-week high,

Japan’s 10-year government bond
yield has leapt to a three-week high at 0.8%

  • 10 year JGB yield up 5
    basis points from the previous session
  • highest since November 16

Yesterday I posted on investors demanding higher yields from Japanese fixed interest as they face the risk of higher rates:

The bid to cover on this was the worst in 8 years if memory serves.

While everyone was screeching about Ueda’s comments (which were very non-commital IMO) I haven’t seen anyone mention this as a factor in the yen buying cascade. Weird.

USD/JPY update:

This article was written by Eamonn Sheridan at www.forexlive.com. Source