[MARKET UPDATE] USD/JPY extends to a new session high of 158.59, despite a lack of newsflow; JGB yields continue to fall from record highs seen earlier in the week

The USD/JPY's move to a new session high of 158.59 signals strong demand for the dollar amid a backdrop of declining Japanese government bond (JGB) yields, which may suggest market anxiety or expectations for easing policies from the Bank of Japan.

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[MARKET UPDATE] JGB yields continue to fall from record highs, potentially the reason for JPY underperformance as USD/JPY extends above 158.60; AUD/USD breaks above 68 handle following hot Aussie employment report

[MARKET UPDATE] Asia-Pac equities continue to trade mostly in the green, ex-China; Nikkei leads gains (+2%), followed by KOSPI (+1.3%)

[MARKET UPDATE] USD/JPY extends to a new session high of 158.59, despite a lack of newsflow; JGB yields continue to fall from record highs seen earlier in the week

PRE-MARKET INDIAN STOCK NEWS

Japanese 3-Month Bill Auction 0.7277% (Prev. 0.7079%)

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Context

This divergence could elevate further volatility in the pair, reflecting investor positioning ahead of any future monetary policy decisions.

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