The bond market is in full crisis mode today with German bund yields hitting a record low and UK gilt yields tumbling as well.
There is support down to 1.80% but if that goes, it’s a major red flag for all assets. The chart will start to look like a major double-top at 2.40% with a target around (an unthinkable) 1.20%. There will be a time to get long USD/JPY but this isn’t it.
