The short-end of the yield curve is stable but rates at the long end continue to shoot higher. US 10-year notes are up to 3.10%, a full quarter of a percent higher than just two-days ago.
USD/JPY has managed a rebound to 80.87 after being slammed earlier in the day, supported by the firmer yields. Looks as though the market is still quite long of USD/JPY intraday and is now finding sellers on rallied toward the old area of resistance at 81.00.
