Friday, October 16, 2026

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USD/JPY eyes stops sub 119 & 118.94 Cloud base, Treasury yield drop key

Treasury yield slide since Retail Sales miss brings relentless USD/JPY sales Pair eyes stops sub 119 & 118.94 Cloud base, last Cloud base breach was in August of last year Some stops said below 119, but bigger tech prize…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Treasury yield slide since Retail Sales miss brings relentless USD/JPY sales

  • Pair eyes stops sub 119 & 118.94 Cloud base, last Cloud base breach was in August of last year

  • Some stops said below 119, but bigger tech prize is 118.94 Cloud base

  • USD/JPY correlation to yield spreads now higher than to N225, so Treasury yield drop key

  • Late '14 rally was driven by BOJ QQE2 & Fed rate hike hopes, now dimming

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By FxWirePro Team