• The yen put some distance between its eight-year lows in the ¥122 against the greenback as U.S. Treasury yields edged lower which gave the Japanese investor less reason to venture away from home and seek better returns abroad. 
  
  
• The market backdrop still favors a weaker yen and a stronger dollar given that Japan isn't expected to shift away from its low rate policies anytime soon. The Fed meanwhile could be days away from setting the stage for higher interest rates in the months ahead.