USD/JPY flows: Steadily lower

USD/JPY resume its downward traction on Wednesday after a brief relief rally in early Asia to challenge the 156 figure. U.S. Treasury Yields are slipping in the front while JGB yields in the green. The July Flash Service PMI came in stronger than June, which may have lend minor support to JPY strength as it could suggest higher inflationary picture.

USD/JPY is now trading 0.51% lower at 154.79.