USD/JPY clumped again into the US stock markets open

Just as the US stock markets prepare to reopen for live trade, the USD/JPY took another hit. It has already given up on the 150 handle since the last update here noted it falling back underneath 150.25. Well, it just got backed again a moment ago and it has fallen close to 149.75. The driver for this is seemingly as before and as you can see higher US yields today have not ridden to rescue the dollar, despite the Asian markets taking it that way earlier. Given the high seen earlier (150.94) a rate near 149.75 looks pretty cheap on the day and it might be unwise to rule out a bounce from down here ahead of anything else more meaningful unfolds. However, the market looks a little stranded on the dollar right now, so getting the timing and entry right on that could be tricky. The USD/JPY is right now at 149.84