Yen is generally under pressure today and sentiments improved on Brexit optimism. While the reactions in the stock markets are relatively mild, recent rally in treasury yields are impressive. German 10-year yield is currently up 0.032 at -0.347, comparing to -0.739 low made back in September. Japan 10-year JGB yield is up 0.015 at -0.135, comparing to -0.284 low made back in September too.
AUD/JPY breaks 74.49 resistance today, resuming whole rebound from 69.95. Such rise should extend higher as long as 73.95 resistance turned support holds. Next target is 100% projection of 69.95 to 74.49 from 71.73 at 76.27.
NZD/JPY is lagging behind slightly. But further rise is expected as long as 69.00 minor support holds. Break of 69.68 resistance will resume the rebound from 66.31. Next target is 100% projection of 66.31 to 69.68 from 66.93 at 70.30.
