Japanese Yen (Jpy)

JPY Swaps: Belly trades sub-zero again; BOJ risks

There has been trade in the belly of the JPY swap curve after 5-6y swap rates dipped below zero. Downside risks are expected to keep the BOJ on hold.

USDi: BEs bear steepens as coronavirus spreads

BEs bear steepened as fears of spreading coronavirus soured the risk tone.

JPY Swaps: Clearing basis negative again

JPY clearing basis is continuing to decline and the 30y spread has dropped back into negative territory for the first time in a month.

USDi: Mixed Jan30s debut; BEs claw back some

China’s coronavirus infected the risk tone today, muddying up the prospects for today’s 10y TIPS auction

JPY Swaps: Clearing basis narrows on BOJ upgrade

JPY IRS clearing basis has narrowed on a mild bias for foreign receiving since the BOJ upgraded its official growth forecasts earlier this week.

USDi: BEs bear steepen ahead of Jan30s debut tomorrow

BEs bear steepened as the energy complex faltered. Attention now turns to tomorrow’s $14bn 10y TIPS auction which Barclays previews.

JPY Swaps: Belly focus; BOJ steady; IMF upgrade

The belly of the JPY swap curve has been in focus today. The BOJ is unlikely to change policy near-term. The IMF has upgraded its Japanese outlook.

JPY Swaps: BOJ lowers CPI forecasts

JPY swap rates have dropped after the BOJ left its policy settings unchanged this afternoon but lowered its inflation forecasts slightly.

JPY Swaps: Curve trades; Will BOJ upgrade growth outlook?

There has been trade in short JPY curve spreads as the market expects a BOJ growth outlook upgrade tomorrow.

USDi: Early BE strength summarily rejected

Early session strength in inflation was summarily rejected as better sellers pounced on the markets, leaving BEs mixed but little changed.