USD/JPY flows: Early Jump Did not Last

Early optimism has sent USD/JPY higher to 145.92. The March Japan unemployment rate has edged slightly higher to 2.5% from 2.4%, confirming BoJ's take on potential medium term labor shortage but it is unlikely to capture market participants' eye for now. 

As session progress, JGB are still performing slightly better than U.S. Treasury Yields and see USD/JPY revert to unchanged at 145.32.