USD/JPY climbs above the August high

<p>The US dollar is sizzling to start the US trading week as bonds slump. </p><p>USD/JPY is through last week's high of 147.39, which is the best level since last November. There isn't much standing in the way of 150.00 and beyond.</p><p>You would like to see new highs in yields to add confidence to this trade but I don't think it's necessary so long as the Fed continues to signal a higher-for-longer stance and the Bank of Japan continues ZIRP.</p>

This article was written by Adam Button at www.forexlive.com.