Slimsy

Divergences: USDJPY, US10Y

Slimsy Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
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
Comment:
Rates may find resistance at 3.095 - early day high, and then around 3.1
Comment:
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.
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