Interesting USD/JPY Chart

By Kathy Lien • July 1st, 2010
Kathy Lien

Look at this, USD/JPY moving along with 2 year yields. What does this suggest? That next week, USD/JPY could bounce. If payrolls is very weak, that may not happen, but U.S. yields are nearing very low levels and short positions area heavily weighted to USD shorts.

 

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