Gold lifts despite lower technical close, weaker Yen and higher US yields

Yesterday Gold closed at $2,719.85, which was a technically negative close, but perhaps not seriously so. Today the metal has rebounded from an earlier Asian low at $2,719.08 to a high at $2,736.02. That rebound has come amid yet more fall out across the US bond markets and an earlier move above 151 in the USD/JPY. To be honest that doe not really make sense and perhaps something will give later on? If it does not then perhaps it will tell us something about the underlying demand for the metal at the moment. Gold is currently trading at $2,732.80