The 30 year bond has an inverted H&S or a bullish wedge, however you want to look at it. We are closing in on a breakout point, and regular listeners of the Morning EDGE webinar know we have been closely monitoring this chart. For FX traders, this move higher in bonds could push the USD/JPY (yield sensitive currencies) lower through critical support at 101.50.

 

Blake Morrow

Chief Currency Strategist, Wizetrade