USD/JPY flows: Geopoliticla uncertainty led to indecision sentiment

While we are waiting for U.S. military action in response to the latest attack, Iran's UN envoy warns any attacks will be met with response, indicating such tit for tat retaliation will persist and increase uncertainty in the region. General sentiment is tilting to the soft side but we could see the indecisiveness as ranges are so far small. U.S. Treasury Yields are lower across the curve while JGB yields are higher.

USD/JPY is trading 0.06% higher at 147.69