We have seen some reversal higher on 10 year US note yesterday which is causing some serious JPY strength for the last two sessions. We noticed some very important reversals on USDJPY and AUDJPY pairs, and even some other that suggests more JPY gains.
USDJPY is turning perfectly down from our highlighted resistance area, so it can be start of a new bearish leg, especially if pair can close below 109.30 area today. At the same time keep an eye on 10 year US notes where break above 120 will signal for more upside.
USDJPY, 1h
