USD/JPY vs US Treasury 10-year yields (%) every day chart
USD/JPY is down one other 0.2% right now to 146.90 at the moment and is contesting a drop beneath its 100-day shifting common (pink line) of 147.05. Additionally it is the primary time that the pair is seen crossing the road beneath both of its key every day shifting averages since Could. And that could be a main technical story growing on the subject of the pair and the greenback generally.
The drop within the final month has loads to do with the decline in Treasury yields, particularly with 10-year yields additionally breaking beneath its personal 100-day shifting common as highlighted here yesterday.
And if the rally in bonds look set to proceed, that can simply imply extra ache for the greenback and an extra correction decrease in USD/JPY with the subsequent goal being at 145.00. That is one key spot to observe because it also needs to trace at greenback softness in opposition to the remainder of the foremost currencies bloc too.
