USDJPY diverges from the bond market

USDJPY fx pair is usually strongly correlated with the TNOTE (correlation is negative therefore TNOTE chart is reversed). We saw that throughout 2019 but this years these markets have diverged strongly. Strong TNOTE seems to reflect risk aversion and at the same time high USDJPY rate reflects sanguine moods on equity markets. One would assume that such contradicting market behaviours may not persist and these instruments could converge again. This could happen via USDJPY decline, TNOTE declines or a combination of the two.

24 April 2026, 3:58 PM

🔴Three markets to watch next week: all eyes on the Fed (24.04.2026)

24 April 2026, 3:46 PM

BREAKING: US Department of Justice Drops Probe Against Powell❗️Dollar slides along bond yields 📉

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Market Wrap: Indices try to recover on US-Iran negotiations hopes 🇪🇺 SAP surges 6% after earnings 📈

23 April 2026, 7:00 PM

Daily summary: Risk-off takes over 📉 US stocks plunge, while dollar and oil rebound sharply 💸

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