Japanese treasury bonds and US treasury bonds often fluctuate simultaneously. The price of Japanese treasury bonds may also be boosted by the recent drop in crude oil prices, which may reduce inflationary pressure in Japan and ease concerns about the Bank of Japan's rapid rate hike. Japan's 20-year yield fell 7.5 basis points to 3.79%. The 10-year Japanese Treasury yield fell 4.5 basis points to 2.830%. The yield on Japan's 40-year treasury bonds fell 7 basis points to 3.965%. Meanwhile, the yen rose 0.2% against the US dollar to 162.11.

Japanese treasury bonds and US treasury bonds often fluctuate simultaneously. The price of Japanese treasury bonds may also be boosted by the recent drop in crude oil prices, which may reduce inflationary pressure in Japan and ease concerns about the Bank of Japan's rapid rate hike. Japan's 20-year yield fell 7.5 basis points to 3.79%. The 10-year Japanese Treasury yield fell 4.5 basis points to 2.830%. The yield on Japan's 40-year treasury bonds fell 7 basis points to 3.965%. Meanwhile, the yen rose 0.2% against the US dollar to 162.11.