USD/JPY sitting at session lows; Stops below 82.50

There has been talk about a barrier at the 82.50 level and so far USD/JPY as been as low as 82.62. Stop-loss sell orders are eyed below the 82.50 level, traders report.

Soft US yields on the short-end of the curve are helping undermine USD/JPY. The 2-year note is down to a 0.44% yield this morning from about 57 bp ahead of the employment report last Friday.