[MARKET ANALYSIS] JGB futures edged higher after Japanese inflation slowed

USTs: +1.5 ticksLack of firm direction following the recent two-way trade alongside mixed data releases, geopolitical risks, and with private credit concerns reignited after Blue Owl was reported to have halted redemptions from its retail credit fund. However, it later stated that it is not halting investor liquidity in OBDC II, while the attention now turns to upcoming US data.Bunds: +15 ticksExtended on its recent rebound with very little to derail the momentum heading into today's German PPI data release.JGBs: +24 ticksGained following the mostly softer-than-expected Japanese CPI data, which showed a deceleration across the headline, core and core-core inflation readings, with the headline slipping beneath the central bank's price target for the first time in almost four years, and the core (Ex. Fresh Food CPI) matched estimates at the 2% goal to print a 2-year low.