Low in place for Japanese 30-year yields?

2019년 5월 19일

Here we can see the market has completed 5 waves in the sequence since October 2018. It has held the target so far in the 5th wave and since broken out of the downtrend. The floor is starting to form and aggressive entries have begun, those waiting will have confidence increased above 0.597% and 0.660%. An impulsive rise through here will imply that we will move much higher over time.

On the macro side, global savings look like they have peaked, Japan structurally will promote domestic demand and have to reduce capital outflows as an increasing share of its population move into retirement.

Best of luck those positioning for the macro flows in Japan.

2019년 5월 20일

노트

Overshoots in Japanese GDP