Technical Analysis

10-year JGB yields just a touch away from the 0.50% BOJ ceiling

It’s not like this hasn’t been coming but this effectively shows how the latest BOJ pushback only lasted for about a week.

As much as policymakers will continue to maintain talk of ultra easy policy under Kuroda’s remaining tenure, they might be forced into finding some other remedies to the situation in the meantime. For now, the pressure is on and this continues to signal that market players are not convinced by any of the dovish talk from Japan at the moment.

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