TOKYO, April 27 (Reuters) - Japanese government bond futures struck a one-month high on Friday after a surprisingly steep drop in core inflation data and a decline in industrial output figures stirred doubts about how soon the Bank of Japan could lift interest rates.
Euroyen futures jumped, recovering from a nine-year low hit earlier in the week, as the data was seen making it hard for the BOJ to justify raising rates with core inflation now stuck in negative territory, falling 0.3 percent year-on-year in March.
The reports caught off guard some market players who had started to speculate this week that the BOJ could raise rates as soon as May or June if upcoming figures were strong.
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"One thing that is clear is that there is no chance the BOJ will boost rates next month," said Koji Ochiai, senior market analyst at Mizuho Securities.
Market players were awaiting the BOJ's twice-yearly outlook report on the economy at 0615 GMT. The BOJ kept rates on hold as widely expected at 0.5 percent, with BOJ Governor Toshihiko Fukui set to give his post-meeting news conference at 0630 GMT.
In late trade, June 10-year futures <2JGBv1> were up 0.30 point at 134.38 after touching a one-month peak of 134.41.
The benchmark 10-year yield <JP10YTN> fell 3 basis points to a one-month low of 1.620 percent. Continued...
penso di aver capito che di alzare i tassi la Boj manko per lu cazzu