People familiar with the matter revealed that the government led by Prime Minister Takaichi Sanae supports the Bank of Japan's recent interest rate hike. It is expected that the next rate hike may be in September or October. Affected by this news, the yen strengthened against the US dollar, and the Japanese treasury bond fell. The yen rose 0.1% against the US dollar to 159.19. Japanese treasury bond futures fell 9 basis points to 126.48.

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