It is official, the yield of the 10 year has now moved to the
lowest level since November 2016. The yield is now below 2.05% (low
2.0422%). That is down near 6 bps on the day. The 2.00% natural level is
the next target.
The USDJPY has moved below
the 108.63 and traded down to 108.488. The 108.44 is the low from
yesterday. The low from August extended to 108.24. The low for 2017
comes in at 108.12. Those are the targets now on continued weakness.
Watch for close resistance at 108.63-108.69 area now. That is the swing
low and the underside of the broken trend line on the hourly chart
currently
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