More Treasury Bonds Selling Ahead? Watch The Japanese Yen

(Click on image to enlarge)The U.S. treasury bond market is one of largest and most important in the world. And with interest rates becoming a daily topic of conversation with investors, it’s a must-watch now.And even more interesting is that treasury bonds fell (and interest rates rose) following the Federal Reserve’s 50-basis point cut!Today, we take a look at the bond market via another indicator: its correlation to theBelow is a chart highlighting the correlation between the 20+ year U.S. Treasury Bond ETF () and the Yen.Both have performed poorly, creating bearish price reversals and breaking near-term support. BUT it is important to note that the correlation between the YEN and TLT remains high.Perhaps it’s worth putting the Yen on your radar for signs of continuation or a potential change in the bond market. Stay tuned!More By This Author:Gold Bugs Index Testing Long-Term Breakout LevelSilver Prices Facing Major Inflection PointPattern Suggests Silver Could Nearly Double Following A Breakout, Says Joe Friday