JPY make or break
Updated
As bond yields break 4 year highs, traders take a break from their bearish Dollar view to push USD Index to 4 month highs. USDJPY looks to now be at a make or break point. We prefer a consolidation under the resistance line however a move above will open up a larger move to 110 and above.
Comment
Good break and run on this pair with the tech text books saying it should break out the topside of the triangle which currently sits around 112.30 ish
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