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Yen Steady, Bond Traders Prepare for Busy Week


Monday, 29 October 2018 07:30 WIB

Yen


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Yen trades little changed against the dollar with stocks continuing to be at the center of investor attention after Asian equities fell into a bear market last week. Traders in the Japanese government bond market await the central bank's policy meeting, its monthly bond-buying plan for November and a 10-year debt auction this week.

USD/JPY steady at 111.90 after dropping 0.6% last week; FX pair fell as much as 0.9% on Friday to 111.38, its lowest since Sept. 13.

JGB futures ended Friday night session 0.04 higher at 150.76.

Benchmark 10-year bond yield ended unchanged at 0.110% after dropping to as low as 0.105%, the lowest since Sept. 13.

The BOJ will maintain its policy settings at its meeting this week, according to economists surveyed by Bloomberg, amid a growing view that the BOJ will eventually use greater flexibility in yield movements as a tightening measure.

Source: Bloomberg


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