President of @Spectra_Markets. Author of am/FX and Alpha Trader. I like trading, table tennis, my family, writing, hard/fast music, and poker. Not in that order
So if the accepted theory is that the U.S. intervened in JPY to support treasuries. And yen starts to sell off...
Guess what treasuries do.
Might have a causality flip now. It used to be that higher yields drove yen weaker.