Close correlation - How can you know unless you are told?

If you are trading the USDJPY pair you will want to have a US10 year yield overlay on your chart. Why? Because the pair tracks the US 10 year yield vey closely.

Close correlation - How can you know unless you are told?

So, the recent break of 1.60 on the US10 year is opening up a retest of 1.800 ish. This means that USDJPY could have a 130+ point run up higher this week towards 114. All of this on Fed taper hopes for November + inflation fears forcing central banker's hands.

US10US oil