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2025-12-18 17:09:34
[Japanese Bond Yields Hover Near Multi-Year Highs as Markets Hold Breath Ahead of Bank of Japan Meeting] ⑴ The yield on Japan's 10-year government bonds touched a high of 1.98% on Wednesday, approaching the 2.00% level, unseen since 2006/2007, a level last seen in 1999 and 2000. ⑵ This yield level is the highest since February of this year and is currently holding steady ahead of the Bank of Japan's meeting on Friday morning, with initial technical support at the December 11 low of 1.915%. ⑶ The 5-year government bond yield is currently capped below the 1.45% high repeatedly reached this month. 1.50% is a key psychological level; if the upward trend resumes, it could challenge the June 2008 high of 1.555% and the July 2007 high of 1.61%. ⑷ The first support level for the 5-year yield is at the low of 1.415%, followed by 1.37%. (5) The 2-year government bond yield stabilized after hitting a high of 1.08% on December 10th, with 1.10% becoming the next level of attention. The key resistance level after that is the July 2007 high of 1.135%. (6) Initial support for the 2-year yield is at 1.05%, followed by the previous high of 1.03%, and then the 1.00% area. (7) Yields across all maturities are hovering near multi-year highs, reflecting market tension and a wait-and-see attitude ahead of the Bank of Japan's key meeting. Any unexpected policy signals could trigger sharp fluctuations in the bond market.
