Snapshot: The Nikkei 225 is trading at 66734, up 0.16% on the day. JGB yields are sharply lower, with the 10-year down 12bp to 2.569%, supporting equities. Today’s moves are happening amidst lingering uncertainty about BOJ policy.
- Watch for a break above intraday highs of 66734.
- Risk: Middle East tensions and potential impact on energy prices continue to be a factor.
Bias into NY: The Nikkei 225 is expected to consolidate recent gains, though further JGB yield compression could provide additional upside. The US 10-year yield at 4.432% is providing some support.