USD/JPY flows: Met JPY Bids

USD/JPY rotates lower on softer USD. While U.S. Treasury Yields are lower across the curve, JGB yields are also lower. USD is trading broadly weaker on Tuesday Asia session after two consecutive days in the green. Japan November PPI bangs in estimate at +0.2% m/m and is higher y/y at +0.3% vs expected 0.1%. As higher PPI is supportive to CPI, the key reason for today's fall remains in potential yield differentials narrowing.

USD/JPY is trading 0.54% lower at 145.36.