Chinese rate cut helps the USD/JPY rebound today

The news concerning talks between China and the US is one reason why the Yen has weakened during the Asian session. The other reason comes after the Peoples Bank of China (PBOC) unexpectedly lowered interest rates earlier today. The Chinese President, Xi also took a slight aim at Russia, albeit in a veiled way, when restating the importance of maintaining the international order, which has been in place since 1945. So, as Asian stocks and US futures generally rose that helped to push the Yen weaker. The USD/JPY had fallen below 142.50 yesterday and later closed in the US at 142.45. The rebound earlier today saw it reach a high not that long ago, at 143.33. It has backed away from that high just now and perhaps the rise has to some extent been tempered by the news emerging out of India and Pakistan over the past 12 hours. The dollar more generally is also just now paring its overnight gains and that has seen the USD/JPY drift back to around 143.15