Forex News: JGB curve steepening partly a correction from yesterday's flattening, partly a result of maneuvering before tomorrow's auction of 30-year notes, Credit Suisse analyst Kenro Kawano says; 10-year yield +3 bps at 1.575%, 20-, 30-year yields +2.5 bps at 2.185% and 2.405%, respectively, 2-year flat at 0.755%. Euroyen futures also firm, with March 2009 contract +0.01 at 99.09, after BOJ comments yesterday on sluggish GDP growth, rising CPI reflected bank's monetary policy dilemma, strengthened view bank can't move rates up or down, Kawano says. "For a lot of people, yesterday's meeting just confirmed the BOJ's reluctance to move either way. So I believe that will encourage stability in the short end."(
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