USDJPY correlation with interest rates

USDJPY has been bullish for the past four weeks. Of interest is that the spot currency is moving in tandem with treasury yields.

USDJPY correlation with interest rates in back


Should you be concerned treasury yields are rising?


What's next for the USDJPY?

It has approached a strong level of resistance and a 50-week moving average
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I'll be monitoring the currency to determine whether it will break the 50-week moving average as rates keep rising.
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