USD/JPY Above Y115.00 For The First Time Since '17

The break lower in U.S. Tsy futures (that has been flagged elsewhere), has allowed USD/JPY to trade above Y115.00 for the first time since '17. There hasn't been much in the way of immediate fundamental triggers for the move, with most pointing to the comments made by Atlanta Fed President Bostic ('21 FOMC voter) a few hours ago, as he became the latest Fed member to flag the potential for a quicker pace of tapering. A quick reminder that JPY crosses are subject to thinner market liquidity owing to the observance of a Japanese national holiday (which means that U.S. cash Tsys are closed until London hours). USD/JPY trades as high as Y115.10 on the move, last 20 pips or so higher on the day at Y115.06. From a technical perspective, the break above the figure has negated bearish concerns stemming from the formation of a bearish engulfing candle on Nov 17, with bulls now eying the Mar 10 '17 high (Y115.51).