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Japanese markets are closed for the public holiday in Japan today, its Marine Day.
Physical US bond trade during Asian hours is primarily in Japan. So, with the absence of Japanese markets today UST physical trade will be barely existent during the timezone here.
Japan is one of the largest holders of US Treasury securities. The high demand and substantial holdings of US Treasuries in Japan create a deep and liquid market, which attracts traders and institutions looking to buy or sell these bonds during Asian hours. Major Japanese financial institutions, including banks and insurance companies, are significant participants in the US Treasury market. Their active participation necessitates a robust trading infrastructure in Japan.
Flow liquidity will also be lessened for markets such as Forex.
Marine Day in Japan – wishing all well who are celebrating!
This article was written by Eamonn Sheridan at www.forexlive.com.
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