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USD/JPY lifts towards 150.50 as US yields rise

Yesterday the USD/JPY edged lower and fell back underneath 150. The low seen in Asian trading on Monday was set at 149.88. The low seen in Europe was set at 149.89 and a modest interim platform down there allowed the dollar to edge higher into the 4pm London fix. The USD/JPY later posted a synthetic US close at 150.13. It has advanced a bit more so far today, as the US treasury bond futures markets reopen and yields edge higher. The 2 Year note yield is right now at 4.64%. So, the USD/JPY is rising towards 150.50 this morning, currently trading at 150.40 
 

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