USD/JPY edges to a new high as stock markets pare losses

USD/JPY now up a half-cent

USD/JPY is at the best levels since February 8 as the pair climbs for the sixth straight day. The US dollar is benefitting from higher Treasury yields but the latest uptick coincides more with a bounce in the S&P 500. It's pared the loss on the day to 5 points from 20 points at the lows.

The 200-dma is up at 110.28, which is about where the February high was.

Keep a close eye on 3.22% in the 30-year Treasury bond.