HALISTER1: Japan 10Y Yield Forms Textbook Hammer Exhaustion Pattern: Charts

Japan 10Y Yield Forms Textbook Hammer Exhaustion Pattern: Charts

(Bloomberg) -- Japan 10Y yield forms hammer exhaustion pattern against 2008 downward channel while long-tern stochastics are slowly turning positive; see monthly chart here.
  • NOTE: Upside risks to JGB yields may ultimately remain capped given elevated USD funding costs and reduced attractiveness of foreign bonds, with current move being a function of positioning; see more here
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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