USDJPY Could Retest The Highs, While US Bonds Are Down
Apr 7, 2022

USDJPY ZN

Today we want to share an intraday update for USDJPY pair in which we see nice and clean bullish impulse in progress, ideally back to highs for wave 5 that can retest the highs and 125 – 126 area. The main reason why USDJPY may stay up is still an unfinished five-wave decline on 10Y US Treasury Notes.
As you can see, there’s a negative correlation, so if bonds are still pointing lower for wave (5), then USDJPY could easily stay up, while the price is above 123.05 invalidation level.

USDJPY Could Retest The Highs, While US Bonds Are Down by ew-forecast on TradingView.com

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