Forex News JGB futures falling in morning trade before system glitch stops trading on Tokyo exchange; no indication when trade will resume. Lead September futures contract down 0.38 at 136.18. Some selling bias in market due to heightening inflationary concerns in U.S. and ahead of CPI release Friday in Tokyo, UBS strategist Maki Shimizu says, but adds that overall, bullish tone in JGB market remains intact. "The theme has been on economic deceleration or financial uncertainty, rather than inflationary concerns, for the past month or so. Unless we keep economic growth at a certain level, inflation won't be a theme to be considered. We still think financial uncertainty is a much bigger matter in front of us." Tips lead September futures to move in range of 136.00-136.40 today, yield on 10-year cash bonds (so far untraded) to move in 1.58%-1.62% vs. 1.57% at Friday close.
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