USD garnering support as US yields climb

The 10 yield treasury yield sits around 3.10 as I type. The steady improvement in US yields will be lending the greenback across the board support.

The yields have firmed further in wake of US 3 year note auction. US sold $32 bln 3 year notes at high yield of 0.862%, awarded 67.03% of bids at high. Bid to cover ratio 2.91. No competitive bids $30.94 mln.

Even USD/JPY has managed to crawl up to session high 83.33, presently at 83.25. Bout time too.

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