The closely-watched US 2-year note is falling in yield as the US session gets underway. From highs of 0.97% in Asia, we’ve dipped now to 0.91%. We were about 0.87% when the discount rate hike was announced.
USD/JPY is likely to be pressured by the dip in rates. Keep an eye on CPI… +0.3/0.1% is expected.
91.65/70 is support for USD/JPY near-term. A break of that level would spoil a bullish chart…
