Have the USD/JPY bulls just dodged a bullet?

By: Gerry Davies

FOMC minutes I mean. US treasury yields are lower compared to where I saw them first thing, but not by very much at all. Benchmark 10 year sits at 1.5911% compared to the 1.6029% which greeted me. USD/JPY not that far off 80.30 session high, presently at 80.17. Some light trailing stops said to lie below the psychological 80.00 level. Figures I guess.