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USD/JPY grinds closer to 150 as US yields edge higher
Well, folks the robots are hard at work again as usual this afternoon and right now they are piling into the USD/JPY. That is because those US treasury yields are edging higher and that is undermining the Japanese currency as usual. The USD/JPY has just now risen to fresh highs at 149.84. Of course 150 is likely to offer decent resistance, but at the same time that level has not yet been put to the test. The move higher in the USD/JPY comes as the GBP/USD drops back from an earlier high that fell short of testing the noted 200 day moving average, at 1.2436. The high seen was set at 1.2428. It has since dropped below 1.2390 as the USD/JPY grinds higher. The EUR/USD is off its earlier highs too. The USD/JPY is just now trading at 149.80
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