FX.co ★ Japan 10-Year Yield Holds Steady

On Monday, Japan's 10-year government bond yield remained stable at approximately 1.32%, continuing its recent upward trajectory as investors evaluated the broader impact of U.S. trade policy on global markets. This development comes in the wake of U.S. President Donald Trump's decision to exclude smartphones, computers, and other key technology products from newly introduced "reciprocal" tariffs, providing temporary relief to trade concerns. However, Commerce Secretary Howard Lutnick suggested that these items might still face new tariffs in the coming two months, and President Trump confirmed that they are still under the current 20% Fentanyl Tariffs. Investors are also closely watching the forthcoming trade discussions between Washington and Tokyo. Japan's chief trade negotiator, Akazawa Ryosei, is scheduled to meet with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer this week. Japan, which is presently under a reduced 10% tariff rate, is aiming for more advantageous conditions in the ongoing negotiations.