USDJPY Breaking Into A Fifth Wave
Mar 11, 2022

usdjpy 10 year us notes

USDJPY is breaking out of a triangle. Its a final leg of a higher degree impulse so the question is if this is going to be limited upside near 118. At the same time we should keep ane ye on US yields which are rising but also can be approaching some strong resistance at 2.1-2.3%. A reversal down, even if just short-term can have a bearish impact on USD.

USDJPY Breaking Into A Fifth Wave
USDJPY Breaking Into A Fifth Wave

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