Despite higher Treasury rates and the final passage of the massive US Tax reform bill, the USD was largely range bound as Forex traders look to the final week of 2017. The Greenback fell against most of the major currencies except the Japanese yen. The JPY is particularly sensitive to changes in the US 10-year yield and the 14 basis point increase over the past week, the most in Q4, somewhat supported USD/JPY prices. However, even with the US 10-year yield reaching a nine-month high at 2.51%, the Forex market showed little enthusiasm to take USD/JPY higher as it approaches the upper end this month’s range near 113.75. (full story)