Thursday, April 26, 2007

JGB futures hit one-month high, BOJ outlook eyed

(Reuters) - Euroyen futures jumped, recovering from a nine-year low hit earlier in the week, as the data was seen making it hard for the BOJ to justify raising rates with core inflation now stuck in negative territory, falling 0.3 percent year-on-year in March.

The reports caught off guard some market players who had started to speculate this week that the BOJ could raise rates as soon as May or June if upcoming figures were strong.


Read more at Reuters.com Bonds News

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