2.  JGBs –  The Trendline
Despite a 0.38ppt selloff to around 0.09% (last trading around 0.05%) Japanese Government 10yr bond yields remain safely inside the trend line.
Even if the trendline holds there’s still as much as 10-20bps for it to go depending how long the move takes.  Like it’s US counterpart it’s undergoing some consolidation, and a break of 0.10% will be very meaningful.  Overall technical view: Bearish bias, watch for a break of 0.10%
    Next chart (Crude Oil)…
