Traders also focused on dynamics of debt markets. The yield of 30-year Treasuries tested new highs, climbing above the 5.64% level. The yield of 10-year Treasuries moved above the 5.28% level.

The technical picture remains unchanged as USD/JPY is stuck below the 50 MA at 157.56. If USD/JPY moves above the 50 MA, it will head towards the nearest resistance level at 158.00 – 158.50. A successful test of this level will push USD/JPY towards the next resistance at 160.00 – 160.50.

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