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.
Similar Posts:
- Euro vs dollar
- Daily Chart Art – January 9, 2012
- $GBPUSD –Top in place?
- Guest Commentary: MarketVisionTV – How Can The Nasty Cable Trade Get Even Nastier?!
- Canadian Dollar Reaches Parity…Again
