US 10-year yields are moving up again today, now above 2.50% - highest level since March

The breakout looks for a confirmation now, and so far it is getting the right signal.

As Adam pointed out here yesterday, once this break holds it will open up the way to this year's high of 2.62% on 13 March.

The uptrend here in yields is helping to keep USD/JPY underpinned as well as the pair hit a high of 113.64 earlier but is up by 12 pips on the day to 113.52 now.