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USD/JPY falls below 145.50 as US yields slip

The USD/JPY closed in the US last night at 146.16 which was down from the earlier session high at 146.59, but still well above the earlier session low, at 144.78. One reason for the extended rebound was due to reports pouring cold water on the prospect of a BOJ rate increase next week. The other was the firmer US treasury yields. Well, today those yields have slipped and that has helped to push the USD/JPY lower again. The US 2 year note yield was above 4.76% yesterday, it is around 4.69% this morning. The low seen on the USD/JPY so far today has been set at 145.39. It is currently trading at 145.52
 

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