USDJPY races higher. Buyers scramble. - ConsultFX

USDJPY races higher. Buyers scramble.

Stocks move higher. Yields moving higher too Stocks are moving higher and trade near session highs. Yields in the US are also shooting higher with 10 year yields up 5.5 bps and 2 year up 6.2 basis points.  Each is supporting the USDJPY (and the dollar).