Usdjpy To Drop Today

The Japanese Yen attracts some intraday sellers and snaps a two-day winning streak against its American counterpart after Bank of Japan (BoJ) Governor Kazuo Ueda said this Friday that the underlying inflation is still somewhat below 2%. Apart from this, a modest bounce in the US Treasury bond yields and a generally positive risk tone undermines the safe-haven JPY. This, in turn, assists the USD/JPY pair in rebinding nearly 100 pips from the Asian session low.