US 10-year notes are down nearly 30 bp in yield since the middle of last week, which is helping undermine USD/JPY. I guess traders and hedgers are guessing that if USD/JPY can’t build a beach-head above 84.50 with yields at 3.56%, it’s gonna have a harder time doing it at 3.27%…
83.60/62 support is being tested as we write. More is at 83.15/20.
