The big story today might be Treasury yields. The strong US economic data along with talk of wage hikes is causing a major rethink in the bond market.
The 30 year is up nearly 6 basis points to 3.28%. That's well above the level that bond guru Jeff Gundlach has been touting.
The chart spells out the importance of that zone very clearly.
As for USD/JPY, it's also in the midst of a mini breakout but higher yields could certainly help it go on an extended run.
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