Lowest level since April.
The USDJPY has moved below the June lows at 109.11 and traded down to 108.94.
US yields are tumbling lower after the weaker retail sales and CPI data today and that certainly is contributing to the selling in the pair/ the selling of the dollar.
The 2 year is down 6 bp to 1.302%. The 10 year is down 8.7 bp to 2.1221%. That is now below the 38.2% of the move up from the July 2016 low (at 2.1346%). The low yield is the lowest since November 2016 (US elections). Does the yield make a run at the 2.00% level?
For the USDJPY, looking at the 4-hour chart, the next target comes in at the 108.72 area. There have been some lows from April. A lower trend line also cuts across near the level.