Trial now
JGBS AUCTION

PREVIEW: 5-Year Supply Due

CHINA RATES

Futures Hit Contract High

JGBS

Equities Dip Lends Support

THAILAND

MPC Meeting Minutes Released

(H1) Stabilises

JGB TECHS
  • RES 3: 152.55 - High Aug 5 (cont)
  • RES 2: 152.28 - 3.0% Upper Bollinger Band
  • RES 1: 152.18 - High Dec 14 / 23 and the bull trigger
  • PRICE: 151.96 @ 15:48 GMT Jan 25
  • SUP 1: 151.56 - Low Jan 12
  • SUP 2: 151.30 - Low Aug 28
  • SUP 3: 151.18 - Low June 2020

JGBs bounced further from multi-month lows of 151.56 early last week and has stabilised since. This clearly shows The sell-off in late December continues to exert pressure on JGBs, with 151.68 now the 2021 low watermark. This reinforces the bearish threat, which firmed on the break of 151.81, the Dec 7 low and bear trigger. Clearance here opens 151.63 further out, the Nov 4 low. On the upside, key resistance has been defined at 152.18, Dec 14/23 high. A break would reinstate a bullish focus.