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amarbham

Fundamental Analysis - Rising Yields and USDJPY

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
amarbham Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Fundamental Analysis
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fundamental
Fundamental Analysis

We can see the US10Y has just recently crossed over the USDJPY 50DMA. Expecting rising Yields to correlate to a stronger USDJPY.
Further US inflation should keep this pair supported.
Trade closed: target reached:
Target reached within a month. 2% increase in USDJPY . 50bps increase in US10Y.
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