USD/JPY flows: USD broadly stronger

It was reported that Houthi militants had launched two missiles from Yemen towards commercial vessels in the Red Sea. There has been minimal damage but continue to highlight the geopolitical uncertainty in the area. U.S. Treasury Yields are lower in front and close to unchanged at the back while JGB yields also reopened little changed. The broad risk sentiment remains indecisive before the all important U.S. CPI.

USD/JPY is 0.14% higher at 149.55.