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Japan 10-year yields fall to two-week lows as BOJ hopes squandered once again

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The report here is at least keeping things interesting on the session, with the Japanese yen falling sharply as a result. The currency drop is a function of JGB yields, where we’re seeing a considerable drop today as well. 10-year JGB yields are now down to 0.42% as traders throw in the towel on hopes of a policy tweak next week. Don’t say you weren’t warned.

10-year JGB yields (%)

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