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USD/JPY has another look below 154 after US yields fall back again
Earlier today the USD/JPY fell back underneath the 154 handle again. The low seen was set at 153.96. That was the third time the dollar has fall below 154 and so far it has rebounded once more, but at this stage the rebound is far from conclusive. The low points seen prior to today were set at 153.86 on Friday and 153.84 yesterday. The reason behind this is all due to those US treasury yields falling back again. Yesterday the 10 year note touched 4.49%, it has almost touched 4.4% this morning and that has been enough to undermine the dollar. It has also helped to push Gold higher again too, but more on that in an update to follow. The high in the USD/JPY prior the earlier low was set at 154.67 and it closed in the US last night at 154.66. It is trading just now at 154.31
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