The opening of the US session is going to be important for the dollar

In my prior post I wanted to see what the yanks do when they touch down and so far ithings aren’t looking that great for the buck. I was going to write about 113.10 could be important but that’s been taken out as I type. 113.00 is the next level to watch, though we’re back at 113.13.

USDJPY 15m chart

USDJPY 15m chart

There’s no need to look far to see one of the culprits helping the dollar lower.

US 10yr yields have edged further away from 2.37%.

US 10yr yields

US 10yr yields

Should 113.00 give way, there’s a bit of space until 112.70/80 so watch for any stops if 113.00 does break.

These are not big moves, so it’s still early days but usually you can get a feel for how the US wants to start their day by monitoring these early moves.

 

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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