We're just seeing a touch of yen weakness creeping in
Yen crosses have been stepping up since the US opened and we're just getting another push higher.
USDJPY, EURJPY, GBPJPY 15m charts
EURJPY has been leading the way mostly and that's helped pull up the euro towards the days highs.
US yields are back on their highs with 10's at 2.51% and while that's a further boost to USDJPY, we're not seeing the dollar strengthen so much against the pound and euro.
It's hard to get a real read on things right now. Trump is just getting set to appear so we might just be seeing some of that positioning and squaring I mentioned we might see earlier.
