Technical Analysis

USD/JPY pops as 10-year Treasury yields hit three.20%

Bond selloff underway

It is like hopscotch on this market.

You go from worrying about bonds, to China, to earnings, to the Fed after which again to bonds.

US 10-year yields are up 7 foundation factors and simply touched three.20%.

In flip, that is sparked a run in USD/JPY as much as 113.25 from 1.1300, stops have been hit after the break of the 113.12 session excessive.

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