Sometimes the simple chart is the best one

Technical Analysis

Author: Adam Button | us-dollar

USD/JPY breaks the trend line and rallies for 7 days

USD/JPY breaks the trend line and rallies for 7 days

This is a great chart for a Technical Analysis 101 class. Just draw a trendline and buy a break. USD/JPY is now up 7 days in a row.

It's stalling ahead of the November highs so that's a level to watch.

Beyond that, keep an eye on yields. There's lot of talk about the move higher in US Treasury yields but 10s are flat today. Right now it's a retracement, to make it into a sustainable move, we'll need to see a sustained rise in yields.

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