Japanese Yen To Stay In The Recovery Mode, While Yields Are Turning From Resistance
May 7, 2024

JP10Y vs US10Y

We warned our members about limited weakness and recovery on Japanese yen right before intervention. As you can see, yen is already recovering because US 10Yr Yields are already turning down from resistance, while Japan 10Yr Yields are barely trying to follow due to holidays in Japan recently. If Yields will keep weakening then Japanese yen will most likely stay in the recovery mode, just be aware of short-term pullbacks.

Japanese Yen To Stay In The Recovery Mode, While Yields Are Turning From Resistance JP10Y Yields vs. US10Y Yields Daily Chart
JP10Y Yields vs. US10Y Yields Daily Chart

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