The Japanese yen continues weakening against the greenback as USD buyers mount against the weakest currency in the G10, also weighed by higher US Treasury yields, widening the bond spread between both countries. At 134.42, the USD/JPY lurks at the 135.00 psychological level, which analysts and former Japanese policymakers mentioned could trigger intervention in the Forex market. At the time of writing, the US 10-year Treasury yield sits at 3.00%, flat in the day. Meanwhile, the US Dollar Index, a gauge of the greenback’s value, rises 0.21%, currently at 102.545, a tailwind for the USD/JPY. Sentiment-wise, Asian ... (full story)