I don't know much about fundamentals but I know cheaper money makes creditors want a higher yield on their loans above all else..
Obviously the yen is getting smashed lately thanks to the BOJ.
But of course just looking at pure technicals... my eye sees huge gaps up on the JGB yields.
Here's a 10 year chart.
I see a 2% rate easily being hit, and if we can break beyond that, 3.5% should be no sweat. Just using purely price action and visible gaps to resistance levels.
Obviously the yen is getting smashed lately thanks to the BOJ.
But of course just looking at pure technicals... my eye sees huge gaps up on the JGB yields.
Here's a 10 year chart.
I see a 2% rate easily being hit, and if we can break beyond that, 3.5% should be no sweat. Just using purely price action and visible gaps to resistance levels.
Be hopeful in a winning position, and fearful in a losing position.