USD/JPY ran small buy stops above the Asian high of 102.61 and hit a session high at 102.71. More stops are located above the February high of 102.74 that continued through 102.80. After that, look for sellers ahead of 103.00.
The key for me is the Treasury market. Ten-year yields are nearing resistance ahead of 2.80%. If that level gives way, look for a run-up in USD/JPY.
US 10s
