USD/JPY up at 77.85 from early 77.63. Sources note model funds buying this morning.
US treasury yields are ramping up fast.
Benchmark 10 year treasury yield up at 1.7889% from the 1.7421% which greeted me.
I quoted something Adam wrote yesterday to a reader earlier
‘The bond market is getting skewed as traders scramble to unload long-term treasuries and front-run the Fed on MBS purchases’
The firmer treasury yields will be providing USD/JPY with support.
EUR/JPY up at session high 101.55. The 200 DMA looms at 101.76. Probably buy stops above there.
