- USD/JPY technical outlook stays bullish
- Stops clustered above the 122.04 area
- Weighed by latest dip below 121.31 pivot point in the short-term
- 5/10 year UST/JGB yield spreads correlation with spot +0.72/+0.65
- 5/10 year UST/JGB yield spreads have both widened


Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
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FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption 



