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(Z3) Gaps Lower

JGB TECHS
  • RES 3: 151.26 - High Mar 3 2022
  • RES 2: 149.75/150.81 - High Nov 11 / High Aug 5 2022
  • RES 1: 149.21/53 High May 12 / High Mar 22
  • PRICE: 145.63 @ 16:07 BST Sep 11
  • SUP 1: 145.50 - Low Sep 11
  • SUP 2: 145.46 - 2.0% Bollinger Band
  • SUP 3: 144.56 - 1.0% 10-dma envelope

A hawkish read of comments from BoJ’s Ueda put JGBs off to a poor start Monday, prompting a pullback low of 145.50. This puts prices on course to test new contract lows at 145.49 and open vol band support at 145.46 and 144.56 below. The outlook holds bearish for now, with a recovery back above 145.85 needed to steady the outlook.

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