USD/JPY is falling on this report.
USDJPY 10 mins
Aside from USD/JPY, the US dollar is broadly strong as Treasury yields continue to climb. US 10-year yields are up 7.5 bps to 4.72% — the highest since November.
While this report is good for the yen, it’s also a drag on global bonds.
We get a 7-year Treasury sale at 1 pm ET.