Golden week kicks off today- USD/JPY limps off the lows

As noted earlier the dollar came under pressure yesterday and that saw the GBP/USD rise above 1.34 and the EUR/USD reclaim levels above 1.14. The catalyst for those move seemed to stem from the relapse in the USD/JPY, which led the way lower for the dollar. The USD/JPY had earlier repeatedly stalled above 143.85 and then fallen back and that fall saw it slide down towards 142 ahead of the US close. The USD/JPY closed in the US at 142.01. The session low was set at 141.99. The price action this morning has seen it edge up from that low. The Japanese markets are closed today for the first of the Golden Week holidays (Showa Day) this week and next. The more general rebound in the dollar so far today has seen the USD/JPY lift to a session high at 142.58. The low seen was set at 142.00.  So, it looks like 142-143.90 more than has it covered for the time being. There will be more to add as the day unfolds. The USD/JPY is right now at 142.38