Since midday, US yields are back to unchanged at 0.51% in 2s and 3.13% in 10s, just a few beeps above recent trend lows. Once the interest rate music stops, USD/JPY comes off pretty quick. Also contributing to the USD/JPY retracement is the fact that the 100-day average (82.23) continues to act as a firm cap in that pair. Looks like selling the rallies with a stop around 82.40 might be the way to go near-term.