2/8/2021 7:42:33 PM GMT USD/JPY Current price: 105.22 US Treasury yields reached their highest since March 2020 before changing course. Japanese trade surplus improved to ¥965.1 billion in December from ¥616.1 billion. USD/JPY pair is trading at daily lows and could extend the decline in the next sessions. The USD/JPY pair retreated from a daily high of 105.66, trading in the red for most of the American session to finish the day near a daily low at 105.14. US Treasury yields finished the day with modest losses, but the yield on the 10-year note hit 1.20%, while that of the 30-year note briefly topped 2%, their highest since March 2020.