FX.co ★ Japan 10-Year Yield Tracks Treasury Yields Higher

Japan's 10-year government bond yield exceeded 1.3% on Wednesday, further rebounding from its three-month lows and mirroring an upswing in US Treasury yields. These developments stemmed from speculation that foreign investors are offloading Treasuries due to concerns over trade-related policies. Today marked the implementation of US President Donald Trump's extensive new tariffs, which include a cumulative 104% levy on Chinese imports. Japan is also facing a 24% tariff on its goods as well as a 25% levy on car exports to the United States. Concurrently, Trump announced that Japan is dispatching a team to the US to negotiate trade terms. Japanese Prime Minister Shigeru Ishiba disclosed that during a phone conversation with Trump, he urged a reassessment of the current tariff strategies.