- Fed waiting for data bounce before a hike, too much uncertainty to make early rate hike likely
- USD/JPY popped to 121.49 on tape-read bids from June hike holdouts on FOMC
- USD-JPY 2-yr yield spreads lower now since the Minutes release
- Offers noted into 121.50-121.85 & 122, bids 121.75 & 121.60-50


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FxWirePro: USD/JPY steadies around 158.75, bias bullish
FxWirePro: EUR/AUD under pressure as key support gives way 



