JGB futures edge lower in the early Tokyo session, weighed by the yen's depreciation which tends to boost import prices and inflationary pressures in Japan. This, in turn, could lead to further BOJ rate increases. Meanwhile, investors may also focus on Japanese Finance Ministry's auction today of about 2.8 trillion yen of two-year sovereign notes. "We expect the 2y auction to clear smoothly," SMBC Nikko Securities' Lisa Mochizuki says in a research report. "2y yields look fair," the junior analyst adds. Benchmark 10-year JGB futures are 0.08 yen lower at 127.96 yen. (ronnie.harui@wsj.com)
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JGB Futures Edge Lower, Weighed by Yen's Weakness — Market Talk
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JGB futures edge lower in the early Tokyo session, weighed by the yen's depreciation which tends to boost import prices and inflationary pressures in Japan. This, in turn, could lead to further BOJ rate increases. Meanwhile, investors may also focus on Japanese Finance Ministry's auction today of a…