Reuters
Japanese government bond (JGB) yields struggled for a clear direction on Thursday, as investors awaited more clues on the interest rate paths of both the Federal Reserve and the Bank of Japan (BOJ) ahead of key U.S. economic data and the BOJ's policy decision. The 10-year JGB yield rose 0.5 basis point (bp) to 0.890%, sitting at its highest since Nov. 13, as the BOJ began its two-day policy meeting. Although the BOJ is expected to stand pat at its April meeting, it is likely to project that inflation will stay around its 2% target for the next three years in new forecasts.