That adds to the optimism in risk sentiment
And that should at least give a reason for yen pairs to stay underpinned. E-minis are also trading at the highs for the day up 0.2% currently and that should help to support equities ahead of US trading.
The only reason why yen pairs aren't flying just yet is that US Treasuries continue to stay flattish at the moment. 10-year yields is just up 0.4 bps to 2.974% currently as traders are looking rather reserved about that 3% psychological handle.
