The Yen rallied after Japanese Finance Minister Katayama encouraged pension funds like the GPIF to increase domestic asset investments. Meanwhile, ECB minutes provided little new information, pointing toward a data-dependent, cautious policy path.
Key Takeaways
- 1.Japanese Finance Minister Katayama signaled a policy push for pension funds, including the GPIF, to increase domestic financial asset investments.
- 2.ECB meeting minutes from June suggest a cautious stance, indicating that the recent rate hike is not necessarily the start of an aggressive series of hikes.
Table of Contents
- JPY: MoF calls on GPIF to buy domestic assets
- JAPAN DOMESTIC INVESTOR BUYING/SELLING OF SUPER-LONG JGBS
- FRONT-END EURO-ZONE YIELDS SPREAD OVER US TURNING HIGHER
- EUR: ECB minutes provided limited new information
- KEY RELEASES AND EVENTS
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Authors
Derek Halpenny
Securities
Japanese Government Bonds
Themes
Capital AllocationInflation ExpectationsPolicy Shift
Regions
Asia PacificEuropeJapanUnited StatesGermany