US 10-year bond yields are nearing 3%, currently at just over 2.99%. Given everything that has been going on over the last few months about breaking the psychological level of 3%, it seems difficult.
Yields is not expected to rise to 3.25% or 3.50% after breaching 3%. Looking at the currency market, we will find no support for the USDJPY better than the rise in bond yields, the pair is currently trading at 108.24, its highest since February 13.
