USD/JPY is losing ground despite the strong rally in Treasury yields, which was triggered by the better-than-expected Non Farm Payrolls report. The yield of 2-year Treasuries climbed above the 3.80% level, while the yield of 10-year Treasuries settled above 4.30%.
A successful test of the support at 143.50 – 144.00 will open the way to the test of the next support level, which is located in the 141.50 – 142.00 range.
