USD/JPY remained stuck below the resistance at 147.50 – 148.00.
USD/JPY is losing some ground as traders react to the pullback in Treasury yields. The yield of 2-year Treasuries declined below the 3.55% level, while the yield of 10-year Treasuries settled below 4.05%.
The technical picture remains unchanged as USD/JPY is stuck below the resistance level at 147.50 – 148.00.
