USD/JPY hits three-week high above 158 as Treasury yields top 5.10%

USD/JPY climbed to a three-week high above 158 during the European session, with buyers eyeing a technical break higher. The source does not report a percentage or pip move. The main driver was a surge in US bond yields, with the 10-year Treasury yield breaking above 5% and then blowing past 5.10%. Rising energy costs added to the pressure on broader markets. Brent crude held above $100, and crude oil extended gains as expectations for an earlier end to the Iran war faded. Together, oil above $100 and 10-year yields above 5% presented markets with a double test. Higher yields also weighed on gold, which slid toward last week's lows. On the central bank front, the Swiss National Bank left its policy rate unchanged at 0% at its September meeting, as widely expected. No specific support or resistance levels were cited beyond the 158 area. For traders, US Treasury yields and oil prices remain the key variables for USD/JPY and the dollar. Continued yield strength could keep pressure on gold and broader risk sentiment.