US Treasury Yields Test Key Ceiling as USD/JPY Approaches 160

The USD/JPY currency pair is approaching 160 as intervention risk grows, and Treasury yields are testing the key level of 4.75%. This development comes as the US 10-year yield has surged to 4.72%, breaking above its resistance at 4.60% and both EMAs.

The technical analysis shows that prior support for the US 10-year yield is visible at 4.30%. Analysts are closely watching this trend, warning that it could be a big problem if Treasury yields continue to rise.

The USD/JPY pair's approach to 160 has increased the risk of intervention by the Bank of Japan, which could have implications for the currency market.