Greetings, Everyone and Welcome to Friday!

Our final Trading Day of the week certainly sees no “Rest for the Weary” as they say… as U.S. GDP, The EuroZone CPI, and plenty of other Data keep Traders busy all the way through until Happy Hour!

With all of the Commotion surrounding U.S. Bond Yields and the infamous “Inflation vs. Deflation” Debate going on here in The States… the Japanese have certainly taken advantage of this situation by the Outflows out of the U.S. and Higher U.S. Bond Yields in the last few days.

This has caused the Yen to “weaken” which may appear as part of our “Counter-Intuition” Menu of Tricks.

BUT…The Key here is what is happening with their OWN Bonds and Yields, as they deal with their falling 10Y Notes by buying up… and “Borrowing” from the Surplus of U.S. Treasuries.

Now..after a Fall for a couple of Days… they may begin to rise on  Rhetoric of a “Dovish” Recovery taking some time in Japan.

The Yen Itself handles this by some Initial Weakness through Thursday… but now simply looks to Stabilize and establish IntraDay Ranges full of Consolidation.

Of course… the Current State of The Yen in the Immediate-Term is resting on some Inherent Strength as Industrial Output in Japan gained significantly… which may play right into our Conversation about Capital Inflows coming through the Sea of Japan Inland for a nice “Breath of Fresh Air” for the Japanese Economy as a whole.

 We check with, in my personal opinion, what are the Three Main Yen Crosses…  EUR/JPY, GBP/JPY, and AUD/JPY on the Hourly Views to see this “Muted” Action as of Writing-Time.

Give the Captures a Click for Levels and Commentary, and Post-Time is 1:30 GMT.

Be sure to join me in about 5 Hours for our final 6:30/7:00 GMT “Currency Majors Technical Perspective” Report for this Week… and another Blog Update, of course!

See You Then!