USD/JPY flows: Resume upward traction

U.S. Treasury and JGB yields are both higher across the curve with global risk sentiment broadly positive. The June Japan PPI continue to stay below 1% m/m at 0.2%, seems to have further lowering inflation expectations.

USD/JPY is trading 0.1% higher at 161.44. The upside traction seems to be resuming and we could see another challenge of 161.95 July high.