Technical: The US 10-Year Yield and USD/JPY correlation is back!

The US 10-Year Yield had been rising since August 2nd in an ascending wedge formation until it broke above the top trendline, making a high on October 21st at 4.335%. As often is the case, when price (or in this case yields) fail to hold a breakout on one side of the pattern, it often moves to test the opposite side. The key US yield finally broke below the ...     Alert Feb 16, 2023, 9:32am Technical: The US 10-Year Yield and USD/JPY correlation is back! The US 10-Year Yield had been rising since August 2nd in an ascending wedge formation until it broke above the top trendline, making a high on October 21st at 4.335%. As often is the case, when price (or in this case yields) fail to hold a breakout on one side of the pattern, it often moves to test the opposite side. The key US yield finally broke below the ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support