Bond yields are a little lower today…
The USDJPY has drifted lower in trading today. The price dipped to a new low as NY traders entered for the day. In the process, the price fell below the 200 hour MA at 109.046. There is also some 10 AM fx option cuts. There is rollovers at the 109.00-109.20 area. The price trades in between those levels (after a brief move to 108.974).
Forex technical analysis: USDJPY finding support at 200 hour MA/109.00 level
