A Perfect Bubble on the 1hr

After last week's auction which sparked US yields to rise it was obvious that a GDP miss in Japan would fuel US yields to higher intra-day highs. $US10Y and $USDJPY are closer correlated than $DXY and $USDPY because Japan is the largest holder of US Treasuries. Keeping all this in mind tomorrow Yellen will likely pivot back to hawk triggering gold to dip back to 1210-1208 by Wed. and the miners should sell-off strongly.