JGB futures last trade 1 tick higher at........>

JGBS: JGB futures last trade 1 tick higher at 150.76, as the curve trades mixed,

albeit marginally.

- JGB futures operated within a narrow range as markets have shrugged off the

re-appointment of BoJ Gov. Kuroda for a second term, although more focus is

being placed on his 2 Deputies, the appointments seemingly point to a

continuation of the Bank's extra-loose monetary policy settings.

- From a technical perspective hesitation around key DMAs has come to an end

with a rally and close above DMAs that sees bulls now focused on 150.84-151.02

where the 100-WMA and monthly highs are situated. Layers of support are

accumulating with bears now needing a close below 150.71 to gain breathing room

and return initial focus to 150.47-51. Below 150.36 is needed to shift focus

back to 150.09 2018 lows.