USD/JPY 5 mins chart
With Tokyo watching so far today, traders are looking a little hesitant once again for now. However, with 10-year Treasury yields inching back towards the 5% level, that is keeping the pair underpinned in the bigger picture. There is some relief in tensions in markets from the Israel-Hamas conflict but all of this – including the USD/JPY tentativeness – plays into the known unknowns that we’re all waiting to see change in the day(s) ahead.