Forex News: JGBs likely to weaken on U.S. Treasury selloff, stock gains, says Mitsubishi UFJ Securities strategist Naomi Hasegawa; tips lead September futures in 135.90-136.35 range vs 136.42 Wednesday close, 10-year yield at 1.57-1.61% vs 1.57%. Only big domestic event is MOF auction of Y600 billion in 30-year bonds; otherwise, "the focus will continue to be on the U.S., as domestic investors would like to see if the U.S. stock rebound last night was just a reaction to the sharp losses of recent weeks or the beginning of a sustiainable rebound." Auction should go smoothly as "pension funds and insurance companies have constant demand to extend the duration of their bond assets."
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