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(If) US 10-yr yield rises above 2%, Société Générale targeting towards 120 in USD/JPY

Started by forex4you, Feb 09, 2022, 09:36 am

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forex4you

Feb 09, 2022, 09:36 am
(If) US 10-yr yield rises above 2%, Société Générale targeting towards 120 in USD/JPY

In brief from an SG report:

    If we are going to see 10-year Note yields break 2% and the market price in a higher terminal Fed Funds rate (which seems highly likely) then USD/JPY 116 is going to break again and a move towards 120 will follow
    For now, and all the more so given the price of oi

Source: (If) US 10-yr yield rises above 2%, Société Générale targeting towards 120 in USD/JPY

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