JGB prices saw some support from softer stock prices earlier, but caution ahead of today's auction erased some gains.

JGB prices were bearish. This is mainly because stock prices posted strong gains, while most investors are also cautiously awaiting the results of today's 20-year bond auction.

The coupon doesn't appear to be attractive for many investors, so market players are keen to know if the auction could attract sufficient demand, which could also set the tone of market sentiment.

Few market participants were willing to take fresh positions ahead of Fukui's press conference.

Market participants are keen to see if today's auction of two-year debt can attract sufficient demand.

Market participants are reluctant to make bets ahead of the decision at the Bank of Japan policy board meeting today.

The bearish bias continued today.

JGB prices dropped, hit mainly by firmer stock prices.

The yield on the lead 20-year debt rose a bit as some investors cut long positions after making hefty purchases last week but overall sentiment appeared to be generally bullish.