USD/JPY hits highs as US yields rise, Nikkei 225 futures aim for breakout

From Investing.com: 2024-12-16 01:05:00

USD/JPY hits fresh highs as US yields spike, pushing Nikkei 225 futures towards key resistance levels. Both the Fed and BoJ have upcoming rate decisions this week, leading to bullish setups for both USD/JPY and Nikkei 225 futures. Last week saw a significant increase in US bond yields, with a 24.6bps spike. Technical analysis suggests a bearish trend for Treasury futures, with USD/JPY inversely correlated. The Nikkei futures are eyeing a bullish breakout, influenced by the rising USD/JPY and a strengthening correlation between the two assets. Traders should watch for potential range breaks and resistance levels in both markets.



Read more at Investing.com: USD/JPY, Nikkei 225: Yen Slides, Equities Eye Breakout on Rising US Yields