USD/JPY is at a session high, up 30 pips to 101.77.
Gains could stall here ahead of the 55-dma at 101.80 and last week’s high of 101.79. After that , the June-July downtrend looms.
USD/JPY daily
The broader US dollar rally is being fueled by rising Treasury yields. The 10-year note yield is up 3.6 bps to 2.50% today after falling as low as 2.44% earlier this week.
