A day after his warm endorsement of US Treasuries. Japanese finance minister Yosano is meeting with Treasury Secretary Geithner. So far the only headline is that they’ve agreed on the need for stiff sanctions on North Korea. Any further comments are likely to be dollar bullish as Yosano is unlikely to change his tune this quickly. USD/JPY trades at 98.25.

Dealers note good US buying of EUR/USD on the dip below 1.4000. It trades now at 1.4020 in very thin conditions.