USD/JPY flows: JGB Yields Jump Further

Far end JGB yields are jumping higher on Monday as market participants' fear on the fiscal position of Japan. The latest round of fear is triggered by new budget suggested from Japanese officials to finance another round of energy stimulus to cushion the prolonged oil shock. Both 10yr and 30yr JGB yields have jumped more than 10% since the beginning of last week.

USD/JPY is trading 0.12% higher at 158.90.