Research update

A running archive of JP30Y (Japan 30-Year Yield) views from Tactical Positioning.

JP30YJP30Y (Japan 30-Year Yield) exploded higher, as I expected.

JP30YSpeaking of rates, it is also worth noting that global long-end yields, including JP30Y (Japan 30-Year Yield), are rising rapidly and synchronously, as I expected. That is not a good sign.

JP30YJP30Y (Japan 30-Year Yield) pulled back from 4.2% but are still holding 3.7%-3.8%. As long as that range holds, the path of least resistance remains higher. 4% is the first test, followed by 4.2%. A sustained break below 3.7% shifts the path toward 3.5%.

JP30YJP30Y (Japan 30-Year Yield) bounced sharply from 3.8% and is back above 4%. A sustained close above 4% opens the door to the prior high around 4.2%. Failure to hold 4% shifts the path back toward 3.8%.