USD/JPY steady for now around 152 as US yields rise

The Japanese markets were not open today due to a public holiday (National Foundation Day), so there has been no lead for the USD/JPY from the Nikkei 225 price action. The Chinese markets are lower today though, but not seriously so. The USD/JPY has so far held a pretty tight trading range by recent standards, with 151.69 to 152.06 covering it so far. The dollar had closed in the US last night at exactly 152.00. US treasury yields are higher this morning and that seems to stem from the US tariff news. Look, either way you cut this, it is inflationary and that will not be lost of the Fed chairman when he speaks later today. There will be more to add on that later this morning. So, the US 10 year note it nudging 4.52% this morning and that might be what has hampered gold (which is incidentally a little lower now). At the same time it is clearly underpinning the dollar more generally and more especially just now versus the Yen. The USD/JPY is currently trading at 151.96