EW Update: 10 Year US Notes And USD/JPY

Technical analysis of Forex market

We see dollar strong ahead of US NFP report which is expected to come out at 181K, so we can expect strong dollar to resume to even higher prices if we get number above 200k. Below 170k, we will most likely see a pullback.

Technically speaking, there us a lot of short-term patterns on different markets that suggests more dollar gains. First important market that we have too keep an eye on is 10 year US note which is turning down from the corrective channel so more weakness can be coming which means yields may rise and dollar may follow, especially against the JPY which is showing the bullish path.

10 Year US Notes, 1h

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