Options - JPY
The 10y JPY swap spread is wider on directional forces. A BOJ board member said it would be premature to react to the weak yen as USD/JPY neared 150.
The superlong sector of the JPY rates curve is at its cheapest point in 7 years ahead of today's 20-year JGB auction.
Longer JPY swaps have traded amidst a lack of price action. A BOJ member says hitting the 2% inflation target wont be enough to trigger policy change.
JPY swap spreads have eased as the market has sold off. Support for the Kishida Administration has declined.
Listing of structured bonds and vanilla bonds issued in the Asia Pacific markets over the past week.
Listing of structured bonds and vanilla bonds issued in the Asia Pacific markets over the past few weeks.
JPY swap flow has been light as the market rallies today. An ex-centralbanker says the BOJ should stick with YCC for some time.
There has been a pickup in JPY forward trade. Bets on the BOJ dropping its YCC commitment are backing interest in the Japanese Bear Trade.
Long swap flow has picked up after Thursday's poorly received 20y JGB auction. Renault issued a 3y Samurai Bond.
There has been some trade in JPY forwards as the market rallies. Dysfunction and disruption in the JGB market is dampening liquidity.