March U.S. TIC and April JSDA JPY bond data show Japanese investor preference for non-U.S. bonds and JGBs:The MUFG Global Markets Podcast

USDJPY and Japan stocks continue to fall, pulled down by weakness for U.S. stocks. JGB rates have not moved much under the tight control of the BoJ’s yield management, but JPY basis is still likely to widen. Japanese G10 bond flows are substantial, and Tokyo market JGB asset swap appeal could be impacted by Japanese investors trading JGBs.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido reviews developments with cross-asset JPY asset positions, as displayed in the March USTIC and J-BoP, and April JSDA data. He also shares his views on spot Dollar/Yen, Yen Rate, and Yen basis.

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