Yield gains so far today are much smaller, 5 year and 10 year are breaking to new 2 year highs though.

USD/JPY up a few tics:

usdyen chart 19 January 2022

Chatter surrounding a 50bp hike from the Federal Reserve in AMrch is persisting:

Analyst says a 50bp rate hike from the Federal Reserve in March is warranted

Check it out but spoiler alert - I don't see a 50bp hike in March.