US 10-year Treasury yields hit record low

Author: Adam Button | Category: News

Tentative break of the September low, potentially confirming the double-top at 2.40%.

This is big. USD/JPY seems to have anticipated the break a few hours ago. A close below these levels and you do not want to be short yen (ie. long USD/JPY).

I wouldn’t quite consider it a break yet, since the low print was 1.6713% compared to 1.6714% in Sept. Below 1.67% and there will no longer be any question. Barriers are protecting 79.00 in USD/JPY.