USD/JPY remains very much connected to the yields story for now ...Middle East

The pair is down again today by 0.3% to 154.18 currently, after having pushed just above 155.00 early yesterday. It's been a push and pull start to the week but that largely owes to the moves in the bond market. 10-year Treasury yields nudged up to around 4.47% early yesterday before retreating back to just under 4.41% now. That is pinning down USD/JPY as such to start the week.As seen above, the correlation continues to hold strong for the pair in the lead up and aftermath of the US election. That ties a lot to the dollar momentum in general as well.The near-term chart suggests that sellers are back in control, with price action now resting below both its 100 (red line) and 200-hour (blue l

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