Trades below the 111.75 level
The USDJPY is trading to new session lows and follows rates lowere. The US 10 year is down -4.87 bps now. The low for the week reached. 111.63 yesterday. That was just below the 38.2% of the move up from the April 10 low. A move below that level will look toward the 200 day MA at 111.513.
