USD/JPY bolstered by higher Treasury yields
![USD/JPY D1 29-04](http://az705044.vo.msecnd.net/20210429/29-4-2021-5-39-51-pm.png)
After stumbling yesterday, the dollar is holding its own for the most part in European morning trade as it is also somewhat comforted by higher Treasury yields today.
10-year yields are up over 4 bps to 1.652% currently and that is pushing USD/JPY back up to test the 109.00 handle and near the highs seen yesterday.
EUR/USD is also trading closer to the lows for the day around 1.2120 while AUD/USD is seen down 0.2% to 0.7775 after treading water just above 0.7800 earlier in the day.
Going back to USD/JPY, holding a break above 109.00 would be a good foundation for buyers to build on but there is resistance nearby from the 50.0 retracement level of the April downswing seen @ 109.22 next.