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USDJPY Clears 150 With Latest Push Higher From US Yields

FOREX
  • Rising US yields see USDJPY belatedly move higher, hitting new cycle highs of 150.248 in a firm clearance of 150 in the past half an hour, before a minor retreat to 150.14 latest.
  • Next resistance seen 150.45 (3.618 proj of the Aug 2-8-11 price swing) having made light work of the psychological 150.
  • The US 10YY is +8.0bp at 4.214% with real yields also climbing of late, +3.4bps on the day and with the associated drag on equities with ESA at session lows.

Source: Bloomberg

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