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Yields continue to push higher

CROSS ASSET
  • German 10yr Yield is now through that initial target of 2.392% (gap), equated to 132.38 today, but the move is still lacking clear traction.
  • Nonetheless, further push lower in Futures would open to 132.08, and in Yield term 2.45% would equate to 131.78.
  • For the US 10yr Yield, following a break above the 100 and the 200D MA, it is now also through that next area noted at around 4.2327%, now trading at 4.2488%.

Looking further out at US 10yr Yield

  • 4.3000% = 110.04.
  • 4.3486% = 109.27+ (the 2024 high), TYM4 did print a 109.25+ low for 2024.

In FX: A quick 46 pips reversal in USDJPY, heading back towards the 148.00 figure, taking its cue from the rising US Yields.

Initial resistance is USDJPY is still at 148.35.

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