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Akshay15
Aug 12, 2017 8:37 AM

Beaware of shorting USDPY. Long

US10/JP10TVC

Description

The chart i have put up here is Ratio chart between US & Japan 10 year Bond price. this ratio chart has inverse correlation to /Yen. Ratio chart which is a blue line broke down from the channel is likely to continue lower given the momentum on weekly & daily chart, which is likely to send the pair higher from here. I am also doubtful whether issue between N.K. & U.S. would actually escalate further as china is urging restraint over North Korea. Moreover the world knows about the destruction which nukes can have, but you never know as both Trump & Kim-Jong-Un are extreme minded people they can worsen the situation though.
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