The pair has broken above the 1/2 margin zone, initiating a bullish marginal cycle.
Currently, the potential target is 114.25
Japanese bonds gain following Finance Minister remarks and successful auction
Japanese government bonds rallied on Tuesday, supported by comments from Finance Minister Satsuki Katayama, which bolstered confidence in sovereign debt. Furthermore, strong demand during the 20-year bond auction provided additional market support.
The previous forecast has played out in full. We have completed the bullish margin cycle and reached the target zone, accounting for the forward point adjustment.
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