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USD/JPY steps back a bit more as US stocks prepare to reopen
The US stock markets will open for live trading shortly and just ahead of that the USD/JPY is dropping back as US yields also fall further. The 10 year note is now about 5 basis points lower and that is more than enough to shift the dynamic these days. The EUR/USD is actually lower too. It did lift above 1.0530 when the CPI data hit the screens, but it is now edging back towards the 1.05 handle again. So, the EUR/JPY is now lower and so it the EUR/GBP again too, on session lows right now and that is adding pressure onto the EUR/USD too. The USD/JPY is currently trading at 152.15
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