USD/JPY is currently trading at 110.25, sandwiched below the 50-W SMA and above the 200-D SMA. The high has been 110.38 and low 110.03. USD/JPY can't find any follow through on bullish attempts from the 100-hr at 110.18 SMA (200-D SMA 110.16) while the US 10's yield ticks back a notch or two from daily highs of 3.09%. The key target is a break of yesterday's high, but there too many risks out there and due to the yen's function as a safe haven, rate spreads alone may not be the catalyst for a break out of the 110 handle. (source: fxstreet)