Resistance target stalls the rally
Yields are back down with the 10-year back to unchanged after being up 4 bp a few hours ago. As the yields were peaking, the USDJPY was touching the 100 bar MA on the 4-hour chart and 38.2% of the move down from the high from January 3rd. The price had not traded above the 100 bar MA target since January 9th.