JGBs little changed as traders look to Fed for clues

(Reuters) – Japanese government bonds were little changed on Wednesday as traders awaited the outcome of a U.S. Federal Reserve policy meeting later in the day.

Analysts said no major policy change was expected, but the focus is on whether the Fed offers details on how it plans to manage policy after shifting to a new framework focusing on average inflation.

Benchmark 10-year JGB futures rose 0.02 point to 152.02, with a trading volume of 10,396 lots.

The 10-year JGB yield was unchanged at 0.015%, while the 20-year JGB yield was flat at 0.390%.

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