JGBs Edge Higher Ahead of BOJ, FOMC Decisions
0018 GMT — JGBs edge higher in price terms in the morning Tokyo session before monetary-policy decisions by the BOJ today and by the FOMC on Wednesday. 'Policy rate changes aren't expected, so the focus will be on any communication offering hints into how the central banks will steer monetary policy moving forward,' SMBC Nikko Securities' Ataru Okumura says in recent note. 'While the BOJ's interim review of its tapering plan will be in the spotlight, media reports to date have suggested that the BOJ will slow down the pace of tapering,' the senior Japan rates strategist says. The 10-year JGB yield is down 1bp at 1.440%. (ronnie.harui@wsj.com)
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