There is some commentary from David Ader at CRT on the wires, saying US Treasury yields could rise to 2% in the near-term. He cites techs and positive economic momentum.
On Treasury strategy, Ader/Lyngen are the best, so take heed.
There is a solid but unspectacular correlation in USD/JPY and 10-year notes. The last time T-notes traded above 2%, USD/JPY was near 81.00.
Another bit of chatter that could add to Treasury and USD/JPY is a note from rates strategists at Scotia who say the Fed could eliminate its forward guidance next week and replace them with economic targets. They say it could boost short-term yields (which would also help USD/JPY).
