BofA Merrill's Paul Ciana Recommends Buying Bonds, Shorting Dollar-Yen

The video discusses the impact of the Fed's decision to cut interest rates on the 10-year Treasury yield and the dollar-yen exchange rate. It features a technical analysis of the bond market, highlighting the potential for a continued rally and the formation of a predictive triangle pattern. The discussion also covers the implications of macroeconomic risks, such as the US-China trade deal and Brexit, on market positioning and trends.

What does the speaker imply about the bond market's reaction to macro risks?

What is the expected outcome if the dollar-yen breaks the level of 109.32?