USD/JPY remains stuck near key resistance at 158.00 – 158.50 as traders focus on Treasury yield dynamics. The yield of 2-year Treasuries climbed towards the 4.79% level, while the yield of 10-year Treasuries pulled back towards 5.12%.

In case USD/JPY declines below the 158.00 level, it will head towards the 157.00 level. A move below 157.00 will open the way to the test of the support at 155.00 – 155.50. RSI is in the moderate territory, so there is plenty of room to gain downside momentum in case the right catalysts emerge.

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