Yields lower.
The USDJPY is moving lower in early NY trading
The pair is trading at new session lows and is moving below the 111.98 level (again). If you recall, that level is the 38.2% of the move up from the November low. The level held support on Jan 31 and Feb 2 respectively. This week, the level has been broken on both Monday and Tuesday. Each day the moves below the support failed.