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JGB yields fall ahead of Powell's speech, U.S. data

TOKYO, Nov 30 (Reuters) - Japanese government bond (JGB) yields fell on Wednesday as investors awaited Federal Reserve Chairman Jerome Powell's speech and a slew of U.S. economic data for policy clues.

The 20-year JGB yield fell 0.5 basis point to 1.125% and the 30-year JGB yield fell 2 basis points to 1.500%.

"There are no market-moving cues locally and all eyes are on the (Powell) event later in the day," said Takayuki Miyajima, a senior economist at Sony Financial Group. "Yields are moving in a small range."

The 40-year JGB yield fell 0.5 basis point to 1.755%.

Powell is scheduled to speak about the economy and labour market at a Brookings Institution event later in the day. A series of U.S. data concerning manufacturing, inflation and jobs will also be released this week.

The 10-year JGB yield was flat at 0.250%. The two-year JGB yield and the five-year yield were also flat at -0.030% and 0.110%, respectively.

Benchmark 10-year JGB futures fell 8 yen to 148.7, with a trading volume of 11,087 lots. (Reporting by Junko Fujita; Editing by Subhranshu Sahu)

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