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Rising US yields continue to support USD/JPY as BOJ and 152.00 remain in focus
The rise in US yields since yesterday have helped to support the USD/JPY, but of course the markets remain very wary of rousing the BOJ into action, if the dollar were to rise above 152.00. The dollar did not test that BOJ resolve yesterday, or so far today either. Hence, the BOJ has not yet been forced to put their money where their mouth is. That mouth still remains wide open with threats of action, if the dollar were to rise further. The reasons for that were covered here in a detailed update a couple of days back and that has not changed. The range seen so far today has been covered by 151.44 to 151.64. The dollar closed in the US last night at 151.56, so as you can see, the range so far today has been pivotal around that close. There are important US data releases to consider later today and those will be covered here later this morning. Meantime, the USD/JPY is right now trading at 151.60
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