Tokyo foreign exchange, interest rates, government bond market, 3:00 pm = Dollar slightly higher towards 157 yen, government bond futures show a slight rebound, selling precedes but successful bidding prevents significant decline.

Japanese government bond futures saw a slight rebound, with initial selling but a steady decline due to successful bidding, keeping long-term interest rates stable.
The main center of Japanese government bond futures, the March contract, closed slightly higher at 141.60 yen, up 1 sen from the previous trading day. Although there was initial selling in the morning, the 10-year bond auction went smoothly, leading to a stabilizing trend in the afternoon. The yield on the newly issued 10-year government bonds (long-term interest rates) remained unchanged at 1.125%.
Today's Japanese government bond futures started with a focus on selling, influenced by the overnight drop in long-term bonds in the US market and a subsequent decline in yen bond futures trading. The adjustment towards the 10-year bond auction also weighed on the morning market.
However, in the afternoon, as the 10-year bond auction produced positive results, the futures market reversed course and rose slightly into positive territory.

At 3 p.m., the dollar was trading at the mid-157 yen level, maintaining a slightly higher dollar and weaker yen trend since the end of the previous day in New York market. The dollar briefly hit a six-month high but its rise slowed down due to comments from the Japanese government warning against excessive yen depreciation.
The dollar briefly rose to 158.42 yen in the morning, marking a six-month high since July 17th last year. The dollar was bought back following statements from the incoming US President Trump indicating no change in trade policy and an overall preference for dollar buying amidst stock market gains. There was also strong speculation on dollar buying/yen selling related to investments in overseas securities through the new NISA (Nippon Individual Savings Account) system.
However, the momentum weakened after Finance Minister Taro Aso's remarks warning against excessive yen depreciation, leading to caution in chasing further gains in the afternoon due to intervention concerns.