Japanese Govt. Bonds close higher despite better-than-expected Q1 gdp; eyes on super-long 3-year auction The Japanese government bonds closed higher on the first trading day of the week Monday after investors have largely shrugged-off the better-than-expected rise in the country’s gross domestic product (GDP) for the first quarter of this year, released late yesterday, while markets still eye the super-long 30-year auction, scheduled to be held on June 13 by 03:35GMT for further direction in the debt market. At close, the yield on the benchmark 10-year JGB note, which moves inversely to its price, slipped 1 basis point to -0.122 percent, the yield on the long-term 30-year slumped nearly 2-1/2 basis points to 0.373 percent and the yield on short-term 2-year plunged 19-1/2 basis points to -0.194 percent. Both US stocks and bonds rallied on Friday on the back of heightening expectations of a “Powell Put”, fuelled by weak May US job data. Yield on 10-year US Treasury touched a low of 2.053 percent, the lowest since September 2017, OCBC Treasury Research reported. Market has priced in a rate cut as early as July. On the trade tension front, the US announced that it will suspend the threat of tariffs on Mexico “indefinitely” after both sides reached a signed agreement on immigration issues, sending the S&P futures higher this morning, the report added. Meanwhile, the Nikkei 225 index closed 1.12 percent higher at 21,118.50, while at 06:00GMT, the FxWirePro's Hourly JPY Strength Index remained highly bearish at -174.24 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). Commentary 10-June-2019 14:02:48 #atiroxltd #atiroxhedgingstrategy #atioxforexblog #supertraderfx #mibatirox #mibatiroxcontinental #investmentmalaysia #pammaccount #pamminvestment #pammforex #pamm https://www.instagram.com/p/ByhMhszjBSE/?igshid=stjgh2at4g7s