US sells 7-year notes at 2.280% vs 2.275% WI bid - ConsultFX

US sells 7-year notes at 2.280% vs 2.275% WI bid

A tad on the soft side ...but not soft enough to spark a bid in USD/JPY. Bid to cover at 2.39 vs 2.70 at the last auction. Weak yield, weak bid-to-cover. That's a greenlight for the continued breakout in yields (which is good news for USD/JPY). Copyright 2015 Forexlive.com