We’ve popped as high as 83.18 in the last few minutes. Looks as though whatever year-end repatriation that may have been in the pipeline has probably been cleaned up, which could open up the topside for USD/JPY.
US yields aren’t helping this morning. 10s are at 2.23%, down 2 bp on the day. Equities are a shade lower as well, with S&P futures 0.1% softer from closing levels after yesterday’s strong surge.
