Hi all, I was looking at global interest rates, when I came across this idea. This is the Japanese 10 year interest rates. Historically, Japanese rates are super volatile, while US rates are very calm and move slowly. Anyway, my Technical and Fundamental Analysis is below:
Technical Analysis:According to this charts technicals, it has a flag pattern. In case you are unfamiliar with this pattern, it is a very bullish one. It is at support level of the flag pattern, so it should rise back to resistance, and hopefully breakout this week. To measure a flag pattern, you measure the gain of the previous breakout. In this case, I measured the previous breakout of around 110%. So, this would be a fair gain.
Fundamental Analysis:I had dug up some information on Japans inflation rate, and just so you know, the interest rates of a country usually move the same as inflation. Anyway, for the last few months, Japans inflation rate has been falling. This is why the interest rates took a sharp decline. However, this last month, inflation took a jump again. I think that is will cause the Japans interest rates to breakout and continue to rise.
Thanks guys, please like and follow!
None of the information above is investment advise
Technical Analysis:According to this charts technicals, it has a flag pattern. In case you are unfamiliar with this pattern, it is a very bullish one. It is at support level of the flag pattern, so it should rise back to resistance, and hopefully breakout this week. To measure a flag pattern, you measure the gain of the previous breakout. In this case, I measured the previous breakout of around 110%. So, this would be a fair gain.
Fundamental Analysis:I had dug up some information on Japans inflation rate, and just so you know, the interest rates of a country usually move the same as inflation. Anyway, for the last few months, Japans inflation rate has been falling. This is why the interest rates took a sharp decline. However, this last month, inflation took a jump again. I think that is will cause the Japans interest rates to breakout and continue to rise.
Thanks guys, please like and follow!
None of the information above is investment advise