USD/JPY Technical: Potential JPY Bullish Pressure Reasserts

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<p>The 2-day rebound seen in USD/JPY has reached 146.20/70 minor resistance zone. The movement of USD/JPY in the past month has a significant direct correlation with the US 10-year Treasury/10-year JGB yield spread. The short-term to medium-term trends of the US 10-year Treasury/10-year JGB yield spread remain bearish. Watch the 146.70 key short-term resistance on [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/531328-usd-jpy-technical-potential-jpy-bullish-pressure-reasserts/">USD/JPY Technical: Potential JPY Bullish Pressure Reasserts</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>