US dollar catches a bid

Rising Treasury yields are helping USD/JPY today as the pair rises to 110.80 from a low of 110.36. The earlier low was the worst level since February 15.

USDJPY

I don't think the USD/JPY chart tells you much right now but US 10-year yields are prepping for a big break in one direction or another. This is the chart to watch right now:

US 10 year yields