USD/JPY Gains Ground As Treasury Yields Rise
USD/JPY is moving higher as traders focus on rising Treasury yields. The yield of 2-year Treasuries climbed above the 3.70% level, while the yield of 10-year Treasuries settled near 4.15%.
A move above the 148.00 level will push USD/JPY towards the nearest resistance at 149.00 – 149.50.
USD/JPY 080425 4h Chart
