USDJPY Technical Analysis – We are testing a key support zone ...Middle East

Fundamental OverviewThe strong bullish momentum in the US Dollar waned a bit in this final part of the week as we got a pullback in Treasury yields. In fact, the main culprit for the US Dollar strength lately has been the rally in long term Treasury yields. The yield curve has been bear-flattening which is what you would expect with higher growth and potentially higher inflation expectations. There’s a good argument that this rally was a reflection of higher Trump’s winning odds.For now, this is the trend, and it’s generally a bad idea to fight such trends without a strong catalyst. Unfortunately, the JPY lacks bullish drivers as everything points to more weakening unless Harris wins the US

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