Hello traders and welcome to the US session.
The 10Y US Notes is doing very well here after a broken long-term channel support line connected from November 2018. So, after that small recovery and a retest of that channel support line as resistance, we may easily see a bearish continuation that can push USD/JPY even higher, especially if we consider a potential triangle in wave (iv) on Nikkei that can send the price even towards 22700 – 22800 area.
10 Year US Notes vs USD/JPY, 1h
Nikkei, 1h
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