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Guess what? US yields are a little higher and so is the USD/JPY
Earlier this morning the USD/JPY was falling back below 149.75 ahead of the European stock market opening. The dollar fell to 149.66. It is now bouncing back above 150 again and perhaps it is no surprise to see that the 10 year US yield has lifted back above 4.20% at the same time. The regularity of this direct correlation is clear to see. Of course that does not mean those yields will keep rising, but if you want clues on immediate USD/JPY direction, then you had better continue to keep a close eye on it. The USD/JPY has also gotten something of a lift from the positive dynamic across the equity market scene right now. The USD/JPY is currently trading at 150.16
Market News
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