The trend toward lower US bond yields (and higher prices) is in serious peril today. Trendline resistance comes in at 2.745% and a break would signal that the next major move for yields is back up.
Higher yields tend to be most directly correlated with USD/JPY strength and also tend to support EUR/JPY as the USD losses any risk-aversion bid versus the euro. Worth keeping an eye on for the next few sessions.
