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US Bond Yields, Investor Flows, USDJPY Rally to 110.00 (Yen Sensitive Stock List)

FX Markets and the USDJPY Rally to 108.00 to 108.50 1

After doing some chart research and studying bond yields, it has become clear that USDJPY could rally in the coming weeks to 107.50 to 108.50 (higher from there).  The current market is calm but look for more activity from Japanese institutions in the coming weeks. Some will buy buying USDs, and we see the 110.00 as a medium term target.

My concern is those trying to short the US dollar into strength and then being forced to cover shorts within two or three days. These short-term traders are likely to cause gaps in the US dollar rally throughout September. As a side note, we are looking at a strong performance from tech and auto names in Japan, many of which as you can guess are Yen (weakness) sensitive. Names in Japan like Subaru, Toyota, TDK, Sony, Hokuto, Maruwa (selected small caps) and Hitachi are attractive still.



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