Back
13 Aug 2013
Japanese yields fall while Yen depreciates
FXstreet.com (Barcelona) - The Japanese five-year notes drew massive demand making a record within the auction.
The 10 yr yields fell and made fresh three-month lows and slid 1.5 basis points to 0.73pct, meeting May 13 levels. The five year fell to 0.275 pct meeting July 24th levels and came in as the lowest since then. Meanwhile, the data in Japan showed machine orders falling in June while the BoJ minutes revealed a slightly more optimistic BoJ suggesting the economy would begin to recover but moderately. The USD/JPY broke to the top side in NY yesterday, and reached a high of 97.58 overnight. The pair is continuing to perform in London and has made a high of 97.98, targeting the 92.00 handle.
The 10 yr yields fell and made fresh three-month lows and slid 1.5 basis points to 0.73pct, meeting May 13 levels. The five year fell to 0.275 pct meeting July 24th levels and came in as the lowest since then. Meanwhile, the data in Japan showed machine orders falling in June while the BoJ minutes revealed a slightly more optimistic BoJ suggesting the economy would begin to recover but moderately. The USD/JPY broke to the top side in NY yesterday, and reached a high of 97.58 overnight. The pair is continuing to perform in London and has made a high of 97.98, targeting the 92.00 handle.