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USD/JPY falls back towards 151 as US yields ease
As the dollar takes hit and US stock futures surge, the USD/JPY has naturally fallen back too. However, given the losses in the dollar elsewhere, the move lower in the USD/JPY is perhaps not yet as drastic as it might have been. However, that is not to say the reaction here is over and done with, because it might not be. The US 2 Year bond yield has fallen by over 13 basis points (thats 0.13% Io you and me) and that is not conducive to further gains for the USD/JPY. It is just now trading at 151.04
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