The Japanese Trade Ministry has confirmed that Minister of Economy, Trade and Industry Yoji Muto will visit the US from 9-11 March for discussions on bilateral economic ties with senior officials, including Secretary of Commerce Howard Lutnick and US Trade Representative Jamieson Greer. Last week, Muto met with senior representatives from Japan's steel and aluminium industry to discuss the prospect of higher tariffs being imposed on Japanese exports to the US. Kyodo News reported "Muto plans to directly convey concerns from Japan's industry to the United States, though it remains uncertain whether he will secure the administration's understanding."
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Looking at the German 10yr Yield, as mentioned in the Opening Bund comment, risk remains to the upside in Futures, and further momentum will highlight the 2.30% level, printed a 2.309% low in January.
Today, reference 133.40:
For support, while Yesterday's low is situated at 132.72, initial area of interest comes at 132.34 (Monday's opening gap).
Watch Tnotes here, testing session high, decent buying interest is going through, and while this Week saw a 109.20 high print, the next area of interest comes at 109.29, not a Tech level, but where it was trading at pre 18th December FOMC Hawkish meeting.
USDJPY lis through 153.00, with next support seen at 152.55 61.8% retracement of the Dec 3 - Jan 10 bull leg.