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Bank of Japan Governor Ueda will be speaking Friday in the Japanese parliament

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Bank of Japan Governor Ueda in the Diet today.

Amongst the questions will likely be some on the rapid yen appreciation and the drop in JGB yields since Trump’s tariff announcements.

FWIW the speculation is that Trump’s moves may prompt some offshore selling of USTs. JGBs are the logical alternative IMO.

Anyway, stay tuned for Ueda!

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