USD/JPY flows: Yields continue to moderate

JGB yields continue moderate across the curve and is calming market participants. 10yr JGB yields correct more than 2% while 2/30yr yields once correct more than a percent. It seems the initial panic is over and we begun to see calmer trading. The December trade data for Japan is showing stronger import than export growth, continue to points toward solid domestic demand and softer U.S. demand. 

USD/JPY is trading 0.29% higher at 158.70.