USDJPY is rallying along with bonds. May show support at 61.% fibonacci retracement. Yields still have some points to catch up. Although we may see USDJPY bouncing downward instead of 10y yields moving this far upward
Commentaire:
Rates may find resistance at 3.095 - early day high, and then around 3.1
Commentaire:
Later in the day: USDJPY stopped at 112.400 where the retracement of 78.6% was. Then broke this resistance and rallied up until resistance at 12.530. Should come down as of writing this post since yields have shown weakness.