USDJPY rises as US bonds fall on algo action

Livesquawk reporting that algos are playing around selling bonds

Yields are on their highs both sides of the pond but the move in Treasuries is driving the action with algos said to be the culprit

US 10's get you 2.438% right now having touched a high of 2.443%. Bund yields are also up near their 0.919 % highs and gilts are following suit

USDJPY has run up to 123.74 and tech resistance as it follows yields

USDJPY H4 chart