U.S. Treasury auctions off $42 billion of 2-year notes at a high yield of 4.823% | Forexlive

• High-yield 4.823%
• WI level at the time of the auction 4.82%
• Tail 0.3 basis points versus six-month average of 0.1 basis point tail
• Bid to cover 2.78X versus six-month average of 2.74X
• Dealers 13.8% versus six-month average of 17.1%
• Directs 20.8% versus six-month average of 19.9%
• Indirects 65.5% versus six-month average of 63.0%

This is a tad soft but hasn’t given any kind of lift to USD/JPY.