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JPY Rapidly Re-Engaging With Yields

YEN
YEN: JPY Rapidly Re-Engaging With Yields
The correlation between USDJPY and yields had broken down (even turning briefly
negative) over the summer months. However, this relationship is now rapidly
re-engaging with the correlation jumping sharply higher since the beginning of
September. With US 10-year yields extending gains above the 3.0% level, USDJPY
is now pushing higher, along with many Yen crosses.
Next Major Technical Levels for Yen Crosses
USDJPY: 113.17 July 19 high
EURJPY: 131.99 July 17 high; 133.49 April 24 high
GBPJPY: 150.00 Psychological
KRWJPY: 10.075 200-DMA; 10.088 August 30 high

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