Japanese Yen to stay in the recovery mode, while yields are turning from resistance

Gregor Horvat Wavetraders

We warned our members about limited weakness and recovery on Japanese yen right before intervention. As you can see, yen is already recovering because US 10Yr Yields are already turning down from resistance, while Japan 10Yr Yields are barely trying to follow due to holidays in Japan recently. If Yields will keep weakening then Japanese yen will most likely stay in the recovery mode, just be aware of short-term pullbacks.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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