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As the US 10y moved back above 3.00%.....>

DOLLAR-YEN
DOLLAR-YEN: As the US 10y moved back above 3.00% overnight this provided fresh
impetus for the dollar to reclaim Y109.00. Gains extended to Y109.08 in early
Europe, before fading. A break of yesterday's high (Y109.20) opens Y109.31/32
(Feb9 high/Ichimoku cloud top). Traders will also watch the 100-dma (Y108.98) on
a closing basis. Demand is seen on approach to Y108.50 (Y108.54 - Apr24
low).Option-expiries: Y107.00($1.82bn), Y107.25($1.96bn), Y107.70-80($1.4bn),
Y107.95-108.05($2.5bn), Y108.20-25($960mn), Y109.20-25($463mn), Y110.00($325mn).

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