USD/JPY is currently trading in the red at 110.29 and could soon drop to the psychological level of 110.00, having dived out of the rising channel in early Asia. The spread between the 10-year US and Japanese government bond yield (US 10Y-JP10Y)is teasing a symmetrical triangle breakdown, which if confirmed, would open the doors to 255 basis points (Jan. 3 low). That would only add to the bullish tone around the anti-risk JPY. A strong bounce from the ascending 10-day MA, currently at 110.19, would revive the immediate bullish outlook. USD/JPY 4-hour chart US10Y-JP10Y daily chart Trend: Bearish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Trump to deliver remarks on border at 1500 GMT on Friday FX Street 3 years USD/JPY is currently trading in the red at 110.29 and could soon drop to the psychological level of 110.00, having dived out of the rising channel in early Asia. The spread between the 10-year US and Japanese government bond yield (US 10Y-JP10Y)is teasing a symmetrical triangle breakdown, which if confirmed, would open the doors to 255 basis points (Jan. 3 low). That would only add to the bullish tone around the anti-risk JPY. A strong bounce from the ascending 10-day MA, currently at 110.19, would revive the immediate bullish outlook. USD/JPY 4-hour chart US10Y-JP10Y daily chart Trend:… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
