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Dollar index (USDX) lifts despite Yen gains
Earlier today an update here noted how the most recent low (155.38) in the USD/JPY might come back onto the radar and right now it looks that way. The USD/JPY has traded to a low at 155.83 a short while ago. At the same time the dollar versus Europe has also gained ground. Consequently the EUR/JPY and GBP/JPY are now lower than at the time of the last update, noting their downside moves. That has allowed the dollar index (USDX) to lift despite the move lower in the USD/JPY. Yesterday the index stalled just above 104.40 and later closed at 104.30. Today it has risen from an earlier low at 104.20 and it is now edging higher, towards 104.40 again. The main reason for that is due to the EUR/USD now falling below 1.0875 and close to 1.0865
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