Elliott wave analysis of EUR/JPY - Wave 4 correction is ongoing

Elliott wave analysis of EUR/JPY - Wave 4 correction is ongoing 

EUR/JPY broke out of the 12 year triangle in December 2020 and has since rallied nicely to test resistance at 164.17 which marked the 161.8% extension of wave 1. With wave 3 in place I'm looking for a more prolonged correction in wave 4 and ultimately a decline to test support at 151.67 before wave 5 takes over and pushes EUR/JPY to new highs and ideally a rally towards 195.43 where wave [A] and [C] will be equal in length. 

  

Elliott Wave Analysis of the US 10Y Yield - Has likely peaked with the test of 4.59

Elliott Wave Analysis of the US 10Y Yield - Has likely peaked with the test of 4.59

In my March 1'st post I called for a rally towards 4.48% and expected a peak nearby. We have now see the 10Y US Treasury bonds run to a high of 4.59% and I expect that we have seen wave B peak and wave C now should take over for a decline towards support near 3.23 from where the next strong rally is expected. 

We will need to see a break below support at 4.34% to confirm that wave B has peaked and wave C is in motion.