USD/JPY continues to add to gains with Middle Eastern accounts said to be the latest buyers. We’ve traded as high as 82.65. Offers are seen toward 83.00, traders say.
Expect buyers on dips anywhere toward the 82.00 area. Looks like the bottom is finally in USD/JPY.
US yields are screaming higher this morning, giving the dollar a very strong boost.
10-year yields are at 2.73% from 2.66% yesterday (and 2.46% last week).
