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USD/JPY pushing to session highs as US yields lift
A little earlier this morning US treasury yields were slipping and that caused the USD/JPY to drop back from an earlier session high, at 151.55. The dollar had closed in the US last night at 151.21 and the low seen earlier was set at 150.90. However, those US yields have just this minute pushed higher again and the 10 year note is now above 4.21%. That is helping the USD/JPY to lift towards its earlier session high again. In fact, it has just now taken that out. This in turn is adding fresh pressure onto the EUR/USD and GBP/USD right now. The USD/JPY has already taken out technical levels noted here yesterday and looks like there is not much more of those this side of 152 today. The USD/JPY is currently trading at 151.58
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