Japan Government Bonds 10 YR Yield

TVC

JP10Y (Derived Data)

Who know the risk and chance will come first?

looks like the boj is about to lessen its yield control program to raise more caps for their sales tax hike later this year. why is this important? the yield control program effects the cost of carry on participants when buying and holding yen. positive usdjpy means participants are selling yen vs usd. however, negative usdjpy means participants are buying yen vs...

Here we can see the market breaking out of a multi year trend with a confirmed retest. It has held the target for an expanding or running flat from Feb 2017 highs. For those who are familiar with oscillators you will have noticed the positive divergence. This means it is time to start paying attention as we are forming a base in trend. The next two levels in...

Ultra accommodation coming from the boj knocking 10 yr back into negative range. This controls the incentive to buying yen and is a psychological lever for equities. How to play short fxy via debits or call credits

From post long ago I broke down the significance of the carry trade and it's effect on volatility. With the yen buying being a percieved a fear trade. The positive yield on the jgb removes the disincentive to buy yen thus poor macro data has the ability to have somewhat an effect again

As previously mentioned risk sentiment/yen buying is controlled by keeping a negative yeild on the JGB 10 year. A negative yeild ensures an instant loser when buying yen. The bullish divergence in Japanese yeild opens the idea of a positive yeild meaning the ability to buy yen without being an instant looser is getting ready to happen. Yen buying is seen a risk...

Through massive easing and control of the 10 year the boj has power to control yen buying and selling. Negative yeilds mean negative returns when buying yen so it's more optimal to sell yen vs a stronger currency like usd. Ironically the usdjpy is commonly used as a risk on risk off trigger for equities. So negative carry usdjpy=yen buying hence fear. Positive...

Last trade took less than a day to hit the target. Let's see how this one plays out. See the "Related Ideas" below

JP10Y

The JP10Y yield broken the 10-year descending trendline and sixteen-month symmetrical triangle pattern too. A well move above the Feb 2017 could resume further rally to 0.32 and 0.53

Stil bullish equity

USDJPY disconnected from yields... Short USDJPY