USD/JPY under some pressure
USD/JPY has slid to a two-day low at 107.11. The pair has been largely quiet but keep a close eye on it.
Be cognizant that the drop in USD/JPY starting June 8 preceded the broader risk rout, that didn't hit until June 11.
Keep an eye on Treasury yields as well. The US 10-year is down 1 bps to 0.74% today.
I believe this is a time to listen to the market rather than the news.
