Yields in the US have moved higher with the 10-year yield now up 2.8 basis points and the 2-year yield up 3.2 basis points. In addition, the chance of no change in policy in November reached got close to 25% today before rotating back down to 20%. It wasn't long ago that the market was pricing in a 50 basis point cut. There still is an 80% chance of a 25 basis point cut in November.The move higher in rates has helped to push the USDJPY higher as well and the price has now reached the August 16 high near 149.36. The high price just reach 149.355. Move above that ceiling and traders would start to look toward the 50% midpoint of the move down from the July high at 150.757.Yesterday the price
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