Bond yields steady but lower.
The price of the USDJPY is trading at new session lows and in the process has moved below the 110.866 level. That was the swing low from May 23rd and the swing low from May 26th. Earlier today, the price waffled above and below that level with little in the way of directional momentum (to the downside).
This is the 2nd look. Will the sellers take more control? Stay below 110.866 is the best case scenario for shorts. The 110.23 is the next target (low from May 18th).
US stocks are wandering lower (but off the lows too). Bond yields are lower but steady. The 10 year is down 2.2 bps - not much different from earlier levels today.
