ECB punt has pushed up yields
The ECB decision to sit on the sidelines is manifesting itself in yen weakness at the moment. USD/JPY has pushed up through 102.00 after stubbornly sitting around 101.65 for hours.
EUR/JPY has bounced around but it's now challenging the earlier high of 115.18 in a quick move up from 114.65. Watch for another leg of broad yen-cross moves if the 115.18 level cracks.
