A potential Trump win lifts US yields and the USD/JPY above 154

The charge higher in the dollar since later yesterday evening and earlier this morning has of course delivered higher US treasury yields and hence potentially thrown a spanner in the works for the Fed monetary policy decision tomorrow evening. The Yen has understandably taken all this on the chin and the USD/JPY has taken out any prior resistance ahead of the 154 handle. Naturally, that will not please the BOJ, but right now they will probably just have to suck that up. The high seen so far this morning has been set at 154.33 and it is re-approaching that high just now. The next level of note from here on today are at 155.22 and then at 156.67. On the downside, only a drop back below support at 153.40 might sour the tone. The USD/JPY is currently trading at 154.27