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Japan becomes largest foreign holder of US treasuries, overtakes China – MP

FXStreet (Barcelona) - Stuart McPhee, Currency Technical Analyst at MarketPulse, comments that Japan has surpassed China to become the largest foreign holder of US treasuries at $1,224.4 bn.

Key Quotes

“Japan is now the largest foreign holder of U.S. Treasury securities, surpassing China, according to the Treasury department.”

“As of the end of February, Japan held $1,224.4 billion of U.S. government securities, up from $1,210.8 billion a year earlier. China held $1,223.7 billion, down from $1,272.9 billion a year earlier.”

“Low interest rates around the world have made Treasuries extraordinarily popular. In Japan, the government 10-year note yields 0.32%, vs. 1.89% for the bellwether 10-year T-note. The German 10-year government bond yields just 0.11%, according to FactSet.”

CAD/JPY might continue to the topside – Varengold

The Varengold Bank Research Team notes technicals suggest further upside potential for CAD/JPY.
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Market Movers: AUD higher on upbeat employment report – TDS

Prashant Newnaha, Strategist at TD Securities, summarizes the market performance during the Asian trade, mentioning that AUD was a clear winner, up by around 1% after Australia saw an upbeat jobs report.
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