USD/JPY rallied toward the resting offers at the 81.50 level, stalling at 81.48 a short while ago. Plosser comments on reversing policy before long has livened up an otherwise dull market.
US yields on the short-end of the curve are firmer than the longer end. 2-year notes are up nearly 4 bp while 10-year notes are up less than 2 bp as the yield curve flattens a bit.
Heavy offers are seen in the 81.80-82.00 region, traders report.
