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

Tuesday, April 14, 2015 3:43 PM UTC

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

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