Yields on Japanese government bonds (JGBs) fell to an eight-month low on July 19th; the yen strengthened against the euro and the dollar.
6月19日，日本国债收益创造了八个月以来的新低。日元危及了欧元和美元的地位。
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That appeared to be because part of the reserves are held in euro-denominated and yen-denominated bonds, and the euro and yen strengthened against the dollar last month.