USD/JPY remains stuck near the resistance level at 158.00 – 158.50 despite rising Treasury yields. The yield of 10-year Treasuries settled near the 5.32% level, while the yield of 30-year Treasuries continued its attempts to settle above 5.70%. Interestingly, recent hawkish comments from BoJ Governor Ueda did not provide material support to the Japanese yen.

From the technical point of view, USD/JPY continues its attempts to settle above the 158.50 level. If USD/JPY settles above 158.50, it will head towards the next resistance, which is located in the 160.00 – 160.50.