10 year US notes are turning down sharply today, so looks like that wave (II) rally can already be finished. The reason was that five waves of decline from 131.29, so keep an eye on for more weakness ahead, while bulls on JPY can be done for now. If that is correct, then EURUSD may resume its weakness from last week while stocks can approach to the highs once again.
10YR US Notes, 4H
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