# More on JPY from TD. 3 reasons (+1) USD/JPY has delinked from USTs, Nikkei

> TD analysts say USD/JPY has decoupled from US Treasury yields and the Nikkei, possibly due to a policy shift expectation at the BOJ, USD shorts rotating into yen, or Japanese investor rebalancing. They flag 10-year US yields near 2.60-2.65% as a resistance zone.

- Date: 2018-01-23 · published 2018-01-23T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/67215-more-on-jpy-from-td-3-reasons-1-usd-jpy-has-delinked-from-usts-nikkei
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The yen's behavior affects dollar-based commodity pricing for importers, but this is a currency-positioning analysis with no direct supply or demand effect on feed markets.

## Read by commodity

- USDJPY: neutral

## Sources

- investinglive.com: https://investinglive.com/news/!/more-on-jpy-from-td-4-reasons-usdjpy-has-delinked-from-usts-nikkei-20180123

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.