Yields are rebounding and with it goes the USD (and stocks)

<p>The 10-year yield has moved back to the upside with the yield back above 4.0% and up to 4.05%. The high reached 4.10% soon after the jobs report, and then fell sharply to 3.955% at session lows, before starting it's move back to the upside. Below 4% being rejected.</p><p>Now with the yield moving back above 4.00%, the rise is leading to putting the other markets in motion as well</p><ul><li>Stock indices have now all moved into negative territory</li><li>USD has moved higher. <ul><li>The EURUSD is back below the 100-hour MA and is testing the 50% of the December trading range at 1.0931.</li></ul></li></ul><ul><li>The USDJPY is looking to test the Dec 19 high at 144.938 (trading at 144.88).</li><li>The GBPUSD which raced above the 200-hour MA at 1.27075, and up to a high of 1.2770 is back down retesting the 200-hour MA.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.