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Dollar edges higher as stock gains erode -check out the USD/JPY now

The higher opening for the European stock markets today is now giving way to some downside and is pushing the FTSE 100 below 8,225 as the DAX slips back towards 18,500. The CAC 40 is not making any further progress now either and the Dow Jones and Nasdaq 100 futures are further in the red. This all comes amid no material rise yet in US yields. However, at the moment that has not seemingly dented the USD/JPY. The dollar has just lifted very close to 157.40, as it currently trades at new session highs.

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