Free Trial

A Little Higher In Asia


Japanese MOF sells Y2.7563tn 6-Month Bills:

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

(Z0) Bearish Tone Intact

  • RES 4: 125-31 High Oct 15 and a key near-term resistance
  • RES 3: 125-29+ High Nov 5 and the bull trigger
  • RES 2: 125-24 High Nov 9
  • RES 1: 125-126 High Nov 10
  • PRICE: 125-056 @ 11:23 GMT Nov 11
  • SUP 1: 125-04+ 1.50 proj of Aug 4 - 28 sell-off from Sep 3 high
  • SUP 2: 125-016 1.618 proj of Aug 4 - 28 sell-off from Sep 3 high
  • SUP 3: 125-00 Round number support
  • SUP 4: 124-302 1.764 proj of Aug 4 - 28 sell-off from Sep 3 high

5yr futures sold off sharply mONDAY. The break lower resulted in a move through key support at 125-122, Nov 4 low and negated the Nov 4 reversal signal - a bullish engulfing candle. The break lower instead confirms a resumption of the downtrend that has been in place since early August and maintains the bearish price sequence of lower lows and lower highs. The focus is on 125-04+ next, a Fibonacci projection. Resistance is at 125-126.

MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

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.