USDJPY has retreated to the 122 level, and the 10Yr JGB yield is back to the 0.21% level after hitting 125 & 0.25%, respectively. USDJPY basis is off the wides. The Nikkei Average is treading water just under the 28,000 mark despite the reorganization that took effect this month.
In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido reviews JPY asset pricing and flows in March, looks ahead to April JPY triggers, and discusses the key points of the March Tankan survey. He also shares his views on Dollar/Yen, Yen rate, and Yen basis.
Disclaimer: www.mufgresearch.com (PDF)
Version: 20241125