Rising Yields doesn't (always) translate Dollar Strength

The 30-year Treasure yield pushed above 5%, which should be bullish for the dollar. However, the DXY actually went lower. It seems like investors aren't just looking at yields, they're concerned about why yields are rising. It won't be pretty. If the greenback falls below 99.50, the alarm will go off. The Treasury yields tell the truth about debt confidence. We'll be on the lookout for EURUSD & USDJPY price action next week when NFP comes around. I'm not gonna say it, but I'm leaning towards continued sellside delivery on the greenback.