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US TSYS

Tight Start

JPY

Cycle Highs In Sight For USD/JPY

US
US: 10-YEAR YIELD TECHS: Sandwiched Between Up Trendline Support and 3.20%
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.3000 Channel top from Dec 2016 high
*RES 1: 3.2594 High Oct 9
*PRICE: 3.1864 @ 16:26 GMT, Oct 22
*SUP 1: 3.1770 Up trendline support
*SUP 2: 3.1391/1283 21-dma/May 18 high, now support
*SUP 3: 3.1519 Channel base/23.6% 2.8063-3.2594
US 10-year yields briefly showed above the 3.20% mark again as bulls look to
reignite bullish momentum and retest the Oct 9 high at 3.2594 acting as
resistance. Up trendline support continues to hold at 3.1770%. A break above
3.2594% would extend the uptrend towards the channel top at around 3.30%. For a
meaningful fall in yields, the channel base at 3.1519% would need to be
breached, opening a move towards the 3.05% level, ahead of the Aug 1 high at
3.0139%.