USD/JPY sinks below Thursday's low

Trump's comments about a strong dollar gave USD a lift for less than 24 hours. It's back on the lows now against the yen as it continues to sink towards the December low of 107.29.

One spot to watch is bonds. They haven't helped the dollar much this year but 10-year yields are up 4.5 bps today to 2.66%. If resistance at 2.67% breaks, that could led to a bit of a USD bounce -- but I wouldn't hold my breath.