USD/JPY squeezing higher again

Heavy EUR/JPY buying is helping underpin USD/JPY as is the rise in US yield after a further drop in jobless claims from the US.

We’ve added a further 5.5 bp in 10-year note yields to the 3.53% level.

Offers are seen at 82.20/25; Stops lie in the 82.30 area. Good selling is seen toward 82.50/55.

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