The USD 10 year yield is trading up to 4.407%. That is the highest level going back to August 1, 2025.. The yield is up over 10 basis points this week. Yields are up around 45 basis points since low of 3.926% on March 2.
The move higher has the US dollar moving to the upside.
USDJPY: The USDJPY has now moved above the 100 and 200 hour moving averages near 158.90 and 158.96 . The price is testing the underside of the broken trendline at session highs near 159.17. Move above that level and the price is back within the channel after the break and run lower yesterday. Close risk is now a move back below the 158.90 level for buyers looking for more upside.
EURUSD: The EURUSD moves moved to new lows and in doing so is testing the 200 hour MA at 1.15277 and the 100 hour MA at 1.1517. The low just stalled in between those levels at 1.1526. Risk is now a move back above 1.15549 for sellers looking for more downside but getting below the 100 hour MA and staying below is needed to increase the bears control. Bias lower but overall sentiment is neutral above the MAs.
GBPUSD: The GBPUSD is continuing the retracement of the move higher yesterday and in doing so, is back below the 200 and 100 hour MAs at 1.33478 and 1.33367 respectively Those levels are now risk defining levels for sellers looking for more downside momentum. The price is testing a swing area between 1.3296 to 1.33058.