US 10 year Treasury yields crack 2.50%
While there's some fix shenanigans going on in cable and the euro, what's more definitive is Treasury yields popping higher. 10's have been umming and ahhing around 2.50% but look to have finally cracked it with a run to a high of 2.51%.
That's given USDJPY a nudge to new highs at 114.67.
US 10 year yields
The push higher in USDJPY opens the gate to a look at 115.00 where large exporter offers are said to be sitting. The area from 115.00-115.60 has also been very strong resistance and marked a big top in Jan.
