US dollar gets a tailwind from rising yields
USD/JPY has risen above the Feb 4 high of 105.77 in a 40-pip rise today. That clears something of a double top at that level and is the best since early October.
There is so much looking right in USD/JPY longs right now between yields, commodity inflation, this double top, and the broken downtrend. On the fundamental side, it's a straight-forward reopening trade as well.
