USDJPY correlation with interest rates Short
U.S. Dollar / Japanese YenFOREX.com
Description
⋅ USDJPY has been bullish for the past four weeks. Of interest is that the spot currency is moving in tandem with treasury yields.
What's next for the USDJPY?
It has approached a strong level of resistance and a 50-week moving average
I'll be monitoring the currency to determine whether it will break the 50-week moving average as rates keep rising.