Japanese Bonds May Push USD/JPY Much Higher

Today we will talk about Japanese bonds + USDJPY and their wave structures.

USDJPY remains in the uptrend and we have already noticed strong support a month ago after an A-B-C decline occurred. The main reason can be 10Y JPY Yield chart (Japanese bonds), in which we see a nice bullish setup formation that can push USDJPY even much higher because as you can see, there's a tight positive correlation.

So, be aware of more gains for Japanese bonds + USDJPY and any decline should be only a temporary correction within an uptrend.

Respect the price action and trade smart!

10Y JPY YIELD vs. USDJPY, Daily

(Click on image to enlarge)