Nikkei 225 slide today not denting the USD/JPY

The only major Asian stock market to close higher this morning was in Hong Kong. The rest of the Chinese markets closed lower and so did the Nikkei 225. The Japanese benchmark did not exactly kick off the new month on the front foot, it was very much the opposite. The index fell by 2.63% today and that delivered a 1,027 point slide. Now perhaps under more usual circumstance one might have expected the USD/JPY to have suffered a similar slide? Well, it did fall back to a low at 151.79, but it has rebounded off that low since and perhaps the Nikkei fall was merely a catch-up with the falls in Europe and the US?. The dollar had closed in the US last night at 152.03. Right now the dollar is higher leading into the European opening and that might be a surprise to some? Well, of course the main event for the USD/JPY today is surely the US jobs and ISM reports this afternoon. We know the USD/JPY will be front and centre in any market reaction to those data releases. The USD/JPY is currently trading at 152.51