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EURCHF Resumption of its core downtrend! EURCHF has seen a conclusive break of key support from its 1.1056/51 range lows to mark a resumption of its core downtrend, in line with our broader bearish stance following the completion of a large bearish continuation pattern in late June. We look for the trend to stay directly bearish with support seen next at 1.0989/84, but with the next meaningful support not seen until the "neckline to the base completed in July 2017 and the 61.8% retracement of the April 2015 and April 2018 rally at 1.0925/12.
Short
by Fx_Advisor
US Yield... Helping USDYEN One of the biggest movers overnight, JPY is down 0.41% vs USD in the G10 space. CitiFX Technicals points out that 10y in US have broken out and real yields are pushing higher. 10y JGBs still stay in the rare negative area suggesting USDJPY should push higher. We would caution around chasing this move here but expect to see buyers around 111.40-50 area. Yields seem to be leading the way and if we get a move towards 2.82% that could push USDJPY higher towards 112.50. We have seen Leveraged buying USDJPY topside
TVC:US10YLong
by Fx_Advisor