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Forex Flash: BoJ easing may be lifting demand for European debt - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that the unprecedented BoJ easing announced last week is expected to help support asset prices generally with the ADB report citing potential asset bubbles and the Thai Authorities citing evidence of capital inflows into the Thai Bond Market seeking yield.
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Forex Flash: Bunds test 13-day MA – RBS

Bund prices are testing the trendline and 13-day moving average, which all lie very close to the 145.46 level, being the 150% Fibonacci projection from the February-March impulse wave. According to Technical Strategist Dmytro Bondar at RBS, “This is an important point, as if the breakout is confirmed on close, it would suggest a change in market sentiment. The first support lies at 145.11, then 144.68. Below that a major support level would be 144.00. A close above the trendline would bring hopes for the bulls.”
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