10-year US notes recovered last week from aorund 128'15 where market might have completed a five wave decline which can be a reason for some sideways price action on E-mini S&P500. However, we will be looking for a resumption of a bearish trend on 10-year notes as soon as we see a completed a-b-c bounce that can be underway to 130-131 area.
10-Year US Notes, 4H
When 10-year will turn down yields will rally and support stock price which can also be good for higher AUDJPY.
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