USDJPY is just edging from its highs
The buck is dropping from its highs as Treasury yields soften from theirs.
US 10's hit 2.50% but have slipped back to 2.49%
US 10 year yields
114.20/25 was resistance on the way up, and it will need to hold as support on the way down.
USDJPY 15m chart
The dollar and yields may have jumped a chunk but hike hopes haven't jumped that much, if you look at the implied probabilities.
Hike hopes now
Pre-Yellen
