USD/JPY is down 46 pips to 103.47, the lowest since Tuesday. It’s the first decline after six days of gains so a retracement isn’t a big surprise.
There was solid demand ahead of 103.50 and there are stops below 103.40. More demand at 103.20 and ahead of 103.00.
USDJPY 30 minute
The rejection of the highs in 10-year yields today doesn’t bode well for USD/JPY.
US 10s