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UST 10-Yr yield extends above 3.0% and...>

DOLLAR-YEN
MNI (London)
DOLLAR-YEN: UST 10-Yr yield extends above 3.0% and helps take USD/JPY to Y109.98
with rate not backing away too far. Expectation for some option related
resistance into Y110.00, a move above could accelerate action. MS TOTW Monday
was to short USD/JPY at Y109.70, placing their stop on a break of Y110.30. Rate
currently trades around Y109.96 at posting. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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