May JPY cross asset review and June outlook, as well as a resurgent Samurai bond market: The MUFG Global Markets Podcast

JPY basis has widened while staying flat amidst a mix of buying and selling as JPY rates have stabilized and the Yen has generally weakened against USD (Monday’s price action notwithstanding). The Nikkei Average has started to tick up again slowly. Japanese investors could gradually restore their foreign bond positions as they both buy and sell during the month of June. Separately, June also brings the high season for Samurai bond issuance.

In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido discusses his outlook for Yen assets, analyzes BoJ operations and fiscal fund flows, and reviews the Samurai bond market. He also shares his views on the Dollar/Yen, Yen rate, and Yen basis.

Disclaimer: www.mufgresearch.com (PDF)