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back in UK, going through some things... and this highlighted note from the BoJ could be from any other major DM QE "experienced" CB. As long as economic indicators keep deteriorating (e.g. M.PMI, Cons Conf etc), it will be Bond-rally supportive…
BOJ time deposits from 1M to 10Y

[… ]
BoJ's JGB inventory

[… ]
I don't trade the JGB "widow-maker" (perma shorts), but it's the same pattern in especially DM long term bond futures
long term chart of JP10Y yields proves the point.

TA vs Macro+BoJ
it's global... US TNotes or German Bunds same pattern as Global Macro is deteriorating, disinflationary, hence bond bullish
Global yields currently a one-way street as Global Macro environment is still deteriorating.

depending on a trader's timeframe, there are trends or swings to trade, but the bias has been clear since M.PMI topped and rolled over.

Treasuries, Bunds, OATs, Gilts, JGBs, whatever
and today's release of European Economic Sentiment doesn't change that bias
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