Japanese 2-Year yield: RSI, moving averages and 52-week range, each vs its own history
The Japanese 2-year yield fell 1.4 bp to 1.904% on 2026-10-19, the 70th percentile of its daily changes by size since 1974. It is 8 bp below its 52-week high and 98 bp above its 52-week low, and is above its 50- and 200-day moving averages and below its 20-day moving average. Its 20-day change of +4 bp is in the 75th percentile of its history since 1974. The Japanese 2-year yield's RSI(14) was 54.89 on 2026-10-19, the 65th percentile of its history since 1974. On 2026-10-19, the Japanese 2-year yield's 52-week high was 1.981%, set on 2026-09-28, and the 52-week low 0.928%, set on 2025-11-18. On 2026-10-19, the Japanese 2-year yield's 20-day moving average was 1.921%. On 2026-10-19, the Japanese 2-year yield's 50-day moving average was 1.804%. On 2026-10-19, the Japanese 2-year yield's 200-day moving average was 1.456%.
Figures reflect the latest daily snapshot for 2026-10-19.
Yield and momentum
- Yield
- 1.904%
- Daily change
- -1.4 bp
- RSI (14)
- 54.89 — 65th percentile since 1974 (12946 obs)
- 20-day yield change
- +4 bp — 75th percentile since 1974 (12940 obs)
Moving averages
| Period | Level | Yield vs MA |
|---|---|---|
| 20-day MA | 1.921% | -2 bp |
| 50-day MA | 1.804% | +10 bp |
| 200-day MA | 1.456% | +45 bp |
52-week range
- Position
- 92.7% of range
- 52-week high
- 1.981% · yield -8 bp
- 52-week low
- 0.928% · yield +98 bp
Yield chart
Volatility
- 20-day realised yield volatility
- 2.4 bp/day — 71st percentile since 1974 (12940 obs)
Yield changes
- 5-day
- -1 bp
- 60-day
- +47 bp
- 120-day
- +54 bp
- 252-day
- +95 bp
Spread to the US 2-Year Treasury (US minus Japanese): +286.6 bp as of 2026-10-19, +4.4 bp vs prior; 57th percentile of its own history, since 1976 (11624 obs).
Rules-based reading
A transparent, rules-based reading of the facts on this page. Each badge traces to a published rule and to the metrics shown. Reporting, not advice.
- Trend: Mixed vs moving averages
- Level: Mid-range by its own history
- Volatility: Normal
- 52-week position: High in range
- RSI: Neutral
What these badges mean
- Trend
- The yield is above some of its 20/50/200-day moving averages and below others. A position versus trend, not a direction to trade.
- Level
- The current yield is at the 60th percentile of this tenor's history since 1974. A level versus its own history — not itself high or low value, and not a direction.
- Volatility
- 20-day realised yield volatility at the 71st percentile of its own history since 1974. Higher = larger daily yield swings; a magnitude, not a direction.
- 52-week position
- The yield is at 92.7% of its 52-week range. A position within the range — not itself high or low value, and not a direction.
- RSI
- RSI(14) on the yield series is 54.89. Readings of 70 and above are stretched high (the yield has risen faster than it has fallen recently), below 30 stretched low (the reverse), and between them neutral. A momentum reading, not a recommendation.
Source and history
Source: Ministry of Finance Japan, JGB interest rates, under the Public Data License 1.0. The yields are the Ministry’s constant-maturity rates, read off its curve fitted to closing JSDA reference yields; every indicator on this page (changes, moving averages, ranges, volatility, RSI and their percentiles) is computed by mercatusdata from them, not by the Ministry.
From September 2016 to March 2024 the Bank of Japan’s yield-curve control held the 10-year yield near its target and a negative policy rate anchored the short end, so that stretch is unusually still. Percentiles rank today against a history that includes it, so ordinary moves today can rank high. Until 1989 Japanese markets also traded on Saturdays, so the early history has about six sessions a week.
Full daily summary
On 2026-10-19, the Japanese 2-year yield fell 1.4 bp to 1.904%. On 2026-10-19, the Japanese 2-year yield was 92.7% of the way from its 52-week low to its high. On 2026-10-19, the Japanese 2-year yield's RSI(14) of 54.89 was in the 65th percentile of its history since 1974, and its 20-day yield change of +4 bp in the 75th percentile. On 2026-10-19, the Japanese 2-year yield's 20/50/200-day moving averages were 1.921% / 1.804% / 1.456%, with the yield -2 bp / +10 bp / +45 bp against them. On 2026-10-19, the Japanese 2-year yield's 52-week range was 0.928–1.981%; the yield is 8 bp below the 52-week high and 98 bp above the low. Its 20-day yield volatility is 2.4 bp/day, in the 71st percentile since 1974. Its yield has changed -1 bp over 5 days and +47 bp over 60 days.
Methodology
Full definitions for every metric on this page — how each is computed, over what window and on what basis — are on the methodology page. Bond metrics are defined in yield space: changes and distances in basis points, not percent.