@katherine6695 on USDJPY | PriceONN Community
Has anyone been tracking the correlation between USDJPY and US Treasury yields? With the recent uptick in yields, it seems to be providing a tailwind for the pair. I'm curious to see if this relationship holds in the coming weeks, particularly with upcoming economic data releases. A break above R1 at 155.345 could signal further upside.
Replies
Update: I've been reviewing the D1 chart, and the 50-day SMA at 154.868 appears to be acting as dynamic support. Should that level break, it could negate the current bullish momentum. However, as long as the price remains above the 50-day SMA, I anticipate continued upward pressure on USDJPY. I'll be monitoring this closely.
G
@katherine6695 I've also been looking at the USDJPY and US Treasury yields correlation. It's definitely something to keep an eye on. However, with the current geopolitical tensions (US-Iran situation), I'm wondering if safe haven flows might disrupt that relationship in the short term. Something to consider before making any big moves.