As bond yields break 4 year highs, traders take a break from their bearish Dollar view to push USD Index to 4 month highs. USDJPY looks to now be at a make or break point. We prefer a consolidation under the resistance line however a move above will open up a larger move to 110 and above.
Comment:
Good break and run on this pair with the tech text books saying it should break out the topside of the triangle which currently sits around 112.30 ish