USD/JPY on the edge as yields look to leg down further ...Middle East

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USD/JPY on the edge as yields look to leg down further
Well, we got an early taste of things yesterday if US jobs data continues to disappoint in the sessions ahead. The JOLTS job openings here was enough to trigger more selling in the dollar and send yields tumbling. And we're now seeing both USD/JPY and 10-year Treasury yields near a critical juncture on the charts.The movement since July has been rather similar for both charts, further cementing their correlation. And we saw USD/JPY and 10-year yields both hit notable lows in early August before a minor bounce. There was another dip in late August but things moved back the other way last week.However, this week we're returning to the same key technical juncture on both charts. For USD/JPY, th

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