We have a pulse
We have a pulse, it's not much of a pulse but USD/JPY is at a session high, up 24 pips to 108.82 in a small burst to the upside.
It looks like it's driven by a break in 10-year Treasuries as they climb above last week's high to 2.68%.
The correlation between yields and the dollar has been broken for awhile but you can't ignore it forever (and evidently not today).
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