10-year Treasury yields have now climbed back up to 4.20% and looking to push past its own 200-day moving average. Is it the economy trade? The inflation trade? Or perhaps the election trade? I'm quite sympathetic to the final reasoning to be honest. And that sort of ties in with inflation, should Trump come out on top and reignite trade wars.But as yields surge higher, it is underpinning USD/JPY as the pair pushes to its highest levels since end July. The 151.00 mark is within touching distance now as the pair contests key technical levels on the chart.The 50.0 Fib retracement level and 100-day moving average (red line) near 150.76 is being challenged now. And just above that, the 200-day m
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