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USD/JPY continues rebound to hit 110.80. Watch bonds.

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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.

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

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