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USD/JPY reclaims 142.00 as US yields rise

The charging dollar has now delivered some gains for the US currency elsewhere outside of the EUR/USD and the GBP/USD. That is because the USD/JPY has just this minute lifted above the 142 handle for the first time since December 27. The move higher in the dollar versus the Yen is testament right now to the US currency outflanking the Japanese currency in terms of an immediate risk haven. The other other key factor at play here is a move higher across the curve in the US treasury yields. That is also another reason for the drop back in the US equity markets, beyond any risk dynamics. The impact of all this has also helped to push the USD index (USDX) back up to test the 102 handle for the first tine since December 21. The USD/JPY is currently trading at 142.04

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