USD/JPY flows: Touched new year high

As geopolitical headline crossing the wire, U.S. Treasury Yields jump at the opening with global risk asset perform individually. Powell's interview with 60 minutes were released on Sunday but does not seem to be providing any new information. JGB yields also jumped across the curve.

USD initially jumped higher before retracing some of the gains. USD/JPY touched a new yearly high at 148.82 before rotating lower to trade 0.07% higher at 148.42.