USD/JPY rallied as traders focused on rising Treasury yields. The yield of 2-year Treasuries climbed above the 4.35% level, while the yield of 10-year Treasuries settled near the 4.65% level.
From the technical point of view, USD/JPY moved above the resistance at 153.50 – 154.00 and is trying to settle above the 155.00 level. In case this attempt is successful, it will head towards the next resistance at 156.00 – 156.50.
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