Today’s Chart of the Day was shared by Dan Russo (@DanRusso_CMT). The chart shows the US 10-year yield (black), and the Dollar/Yen currency pair (red). The Dollar is breaking out to 20-year highs vs. the Yen this week. Dan points out that this currency pair has been a good leading indicator for 10-year yields both domestically and around the world. In a comment to The Chart Report, Dan said "If the Yen continues to weaken vs. the Dollar, I think you can expect 10-year yields to continue to rise here in the US, and around the world."
Chart of the Day - Tuesday, June 7th, 2022
June 7, 2022
