The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.

0527 GMT - The Bank of Japan has succeeded in preventing long-term government bond yields from rising in a disorderly manner, JPMorgan says in a note. Gov. Kazuo Ueda's cautious stance over cost-push inflation and his nimble approach to additional rate increases have led to easing of concerns that the BOJ could fall behind the curve in dealing with inflation, the U.S. bank says. Commodity trading advisers and other short-term speculators have built historically large bearish positions in Japanese government bonds through futures and swaps, JPMorgan says. If long-term Japanese government bond yields and yen rates remain stable and real-money investors start buying long-term bonds, speculators could be forced to cover their short positions, the bank says. (kosaku.narioka@wsj.com; @kosakunarioka)

0522 GMT - The Federal Reserve's next interest-rate hike is expected to come in December, JPMorgan rates strategists say, confirming their previous view. Against this backdrop, they raise their year-end 2026 targets for two- and 10-year Treasury yields by 40 basis points to 4.70% and by 20 basis points to 5.05%, respectively. (emese.bartha@wsj.com)

0519 GMT - ​RBC BlueBay ​Asset Management sees some value in ​five-year U.S. Treasurys as they have approached 5% ​yields,​ says fixed income CIO Mark Dowding in a note. However, RBC BlueBay remains "more circumspect" regarding longer-dated maturities​, he says. Ongoing heavy debt issuance volumes from governments and corporates continue to pressure term premia globally and from this point of view, ​RBC BlueBay is disinclined to extend beyond intermediate maturities.​