The Japanese yen is flat in the Tuesday session. Currently, USD/JPY is trading at 104.22, down 0.04% on the day. The US dollar has cobbled together a strong rally, with gains of 1.5% in the past week. The catalyst for the newfound dollar strength has been US treasury yields, in particular, US 10-year bonds. The dollar index continues to point upwards and touched a high of 0.9071 on Monday. If the index can record a daily close above critical resistance at the 91.00 line, then the dollar short squeeze could continue. The nonfarm payrolls report for December, released Friday, was in the red, capping a dismal year for ... (full story)