I know, I know .... JGBs are a LOL at the best of times. For example, the yield on the 5 year is negative.
And today it has fallen even MOAR negative
- To its lowest since November of 2017
BTW - there is no JGB operation scheduled from the BOJ today.
The yen has gained during trade since the Japanese afternoon yesterday. USD/JOPY is currently back near its lowest since then. Any yen flow from the ABB/Hitachi deal is long since past (as warned yesterday).
