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(H3) Support Gives Way, Outlook Deteriorates

JGB TECHS
  • RES 3: 151.13 - High Mar 3
  • RES 2: 149.75/150.81 - High Nov 11 / High Aug 5
  • RES 1: 148.79 High Nov 16
  • PRICE: 146.44 @ 15:59 GMT Dec 20
  • SUP 1: 146.10 - 23.6% Retracement Dec 20 Downleg
  • SUP 2: 145.52 - Low Dec 20
  • SUP 3: 145.05 - Low Jun 16 and a key support

JGB futures slipped through all nearby support Tuesday, as the Bank of Japan tweaked their yield curve control programme. Markets managed a print of 145.52 at the low, making that mark a key pivot point going forward. Key support still sits below at 145.05 is intact for now, but a challenge looks likely in near-term. Support at 146.10 has to hold going forward.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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