10 year did sale was not the best…
, the USDJPY trades back at the high for the day at 114.17 after lackluster demand for the 10 year notes. The pair is not racing but we are trading and staying above the 114.00 level (). Yesterday’s high moved to 114.326 and is the next target. The 61.8% of the move down from the December high comes in at 114.633 and is another target now.
USDJPY higher after auction, but may need to get a push from the 10 year yield. Here’s why….
