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Higher US yields push the USD/JPY onwards and upwards
Since the last update here on the USD/JPY, the dollar has continued to make headway. The USD/JPY has pushed towards 158.75 now and the move is being supported by a further rise in US yields. The 2 Year note is now nudging 4.76% and that is supporting the dollar, most especially versus the Yen, as it almost always does. The USD/JPY has also busted a further minor resistance level on the way up. That was in place at 158.48, but it has long since blown that level away. The dollar is currently trading at 158.69
Market News
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