Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(M1) Tilted Higher

  • RES 3: 151.82 - 76.4% November - February Decline
  • RES 2: 151.66/71 - High Apr 23 / High Mar 5 and bull trigger
  • RES 1: 151.60 - High May 26
  • PRICE: 151.46 @ 14:24 BST May 31
  • SUP 1: 151.17 - 38.2% Feb - Apr Rally
  • SUP 2: 150.88 - Low Apr 1
  • SUP 3: 150.19 - Low Feb 26
JGB futures rolled off the week's highs last week, with 151.60 marking the high watermark for now. Prices remain below the Apr 23 high of 151.66. Recent price action has worked against the multi-month uptrend and trendline support drawn off the Feb 26 low has been breached. This highlights a neutral outlook while also signalling the potential for a bearish resumption. Initial support is 151.17, a retracement where a break would strengthen a bearish case. Key resistance has been defined at 151.66/71.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.