-
Watch USD/JPY; Get Ready To Sell EUR/USD - BofA Merrill
Bank of America Merrill Lynch remains bearish USD/JPY and continues to think that the correlation between US Treasury yields and USD/JPY is breaking down. "We are bearish Treasuries and, as of yesterday, short TYU4. Looking across the Treasury Curve, 5yr, 10yr and 30yr yields have reached levels from which we look for a yield base and resumption of the larger bear trend.. While we can’t rule out a deeper probe of these levels, particularly if USD/JPY closes below the 200d (now 101.68/69), we must stress that we do look for these Treasury levels to hold and the larger bear trends to resume," BofA clarifies. ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 27, 2014 1:50am Jun 27, 2014 1:50am
- jimmij
- | Joined Feb 2013 | Status: Member | 15 Comments
- Comment #2
- Quote
- Jun 27, 2014 1:51am Jun 27, 2014 1:51am
- Aussi
- Joined Sep 2013 | Status: Member | 4051 Comments
KEEP THIS THREAD CLEAN
- Comment #3
- Quote
- Jun 27, 2014 2:59am Jun 27, 2014 2:59am
- jimmij
- | Joined Feb 2013 | Status: Member | 15 Comments