FastSaying
The market moved back and forth without clear direction ... as it appeared to be sandwiched between two interests.
Hiroyuki Kubota
Direction
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Market sentiment appeared to be still bearish.
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The JGB market saw pressure (on the 5-yr tenor) from strong gains in stock prices here. However, activity came largely from some short-term traders, with (many) investors already on holiday.
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We hope the growth momentum will carry into this year. We hope to take the number one position this year.
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