US Treasury prices are rallying, pushing down yields. The 10-year note is down to 3.50% from 3.55% earlier in the day. The buying looks to be technical as we stalled in the same neighborhood back in December.$8.8 bln in POMO from the NY Fed is not hurting the rally, either…

USD/JPY has dipped back to the 81.70 level from 82.07 highs. EUR/USD has been less impacted, holding not far above session lows, trading now around 1.3622.