USDJPY moves to new highs helped by rise in yields

10 year moves up to 1.340%

The USDJPY as risen to new highs help by a rising yields. The tenure yield has moved up to 1.34%. That’s the highest level since August 13.  

Looking at the USDJPY, the price has moved above the downward sloping trendline connecting highs from August 19 and August 23 on the hourly chart below. The swing high from Monday (and for the week) reached 110.149. The high from last week reached 110.222. Those are the next upside targets.