Live Updates > Live Update Details
2025-12-15 18:19:55
[Japanese Bond Market Relieves Pressure, Awaits Central Bank Decision; Key Levels to Determine Bullish or Bearish Trends] ⑴ The Japanese government bond market consolidated ahead of Friday's central bank meeting, with the market widely expecting a 25 basis point rate hike to 0.75%. ⑵ The 2-year Japanese government bond yield touched a high of 1.08% last week before slightly retreating. Initial support is at 1.05%, followed by 1.03% and the gap at 0.98%. If the decline resumes, 1.10% will be a key level to watch, with stronger resistance at the July 2007 high of 1.135%. ⑶ The 5-year yield encountered resistance at multiple highs around 1.45%, with the psychological level at 1.50%. If the upward trend resumes, the next target could be 1.555% (June 2008) and the July 2007 high of 1.61%. Initial support is at 1.40%, followed by 1.35%. (4) The 10-year yield peaked at 1.97% before falling back to the 2006/2007 level of 2.00%, with initial support at 1.90%, followed by 1.85%. (5) The 30-year yield reached a high of 3.455% on December 4th, with 3.50% being a psychological level. Based on the double bottom pattern formed by the July and October lows of 3.02%, the theoretical target is 3.68%. Last Friday's pullback low was 3.34%, with stronger support at the November 27th low of 3.295%.
