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USD/JPY pushes towards 158 again as US yields rise
The Japanese markets have reopened and the Nikkei 225 is in the red this morning, leading the Asian markets lower. The Nikkei has been closed since the end of last year and to some degree it has been playing catch-up, albeit in a rather disjointed way. However, because of that it seems, the USD/JPY has not fallen so far today. It has actually risen and pushed towards the 158 handle once more. The reason for that is due to another push higher in US yields. The 10 year yield is right now at 4.62%. The dollar had closed on Friday at 157.26. The high seen so far today has been set at 157.83. That said, the previously outlined 156-158 range is still very much intact for the time being. The low seen earlier today was set at 156.83. It is currently trading at 157.70
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