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USD/JPY trades above 158 as US yields lift

The USD/JPY has just now traded above 158 and in part the move looked linked to some stops just above the level and they are still kicking in right now. The further gains in US yields have helped to remove those noted sellers in place around that level. The US 2 year note has now lifted to a fresh session high above 4.77% and that is propelling the dollar to a new session high a moment ago, at 158.09. The next level to note is the high seen last week, at 158.26. That is on the radar right now, if those US yields keep rising. The USD/JPY is just now trading at 158.06 
 

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