US data releases on the agenda today as USD/JPY slips back towards 150 again

Much earlier this morning, as covered here at the time, the USD/JPY did have a look below the 150 handle. It eventually based out at 149.95. However, as suspected, notwithstanding the fact that some stops might have been tripped below 150, it was clear there were a number of buyers too. That led the USD/JPY back to just above 150.30. More recently though, the dollar has been edging back down as US yields slip back a bit more. Hence, the threat of a deeper fall below 150 does not appear to have been removed just yet. There are some US data releases due out today, which might add to, or detract from that potential later on. Those are due out at 1.30pm GMT and they are the latest Philadelphia Fed Business index and the latest weekly jobless claims. There might be more to add on those ahead of the release. Meantime, the USD/JPY is right now at 150.03