TOKYO, July 31 (Reuters) - Japan's two-year government bond
(JGB) yield rose on Friday as the market awaited the Bank of
Japan's guidance on the pace of future rate hikes after the
government intervened to boost the weak yen.
Here are a few details:
* The benchmark 10-year JGB yield inched up
0.5 basis point (bp) to 2.8% in early trade. The two-year yield
rose 1.5 bps to 1.51%. Yields move inversely to
bond prices.
* The BOJ is set to keep interest rates steady on Friday but
signal its resolve to continue pushing up borrowing costs.
* The government on Thursday intervened to boost the weak
yen, keeping pressure on the central bank to show its
hawkishness.
* Bonds with other tenors had not been traded as of 0001
GMT.
(Reporting by Junko Fujita; Editing by Subhranshu Sahu)