I took a long post-FOMC on USDJPY as I thought a serious move higher in Treasury Yields pointed to further USDJPY gains.
I think this may continue as the 10-Year Treasury yield moves sharply off of its 200-day moving average, and the correlation between treasuries and the USDJPY trades near record strength. Targets are 83.30, 84, and obviously fresh highs.
--- Written by David Rodríguez, Quantitative Strategist for DailyFX.com
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