10-year yields in the US are now down to 4.375% and that is contesting a break of its 100-day moving average of 4.38%:
Then, there's also month-end flows to consider this week with the dollar mood already keeping rather mixed in general.
here and here, the path of least resistance is still for a move lower in USD/JPY for now at least.
However, as seen above, there now needs to be that break of the support region of 148.65-00 to really accelerate any further downside pressures in the pair. And that might not come by so easily unless the bond market plays ball this week.
This article was written by Justin Low at www.forexlive.com. Read More Details
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