USD/JPY continues to press higher this morning

Since an earlier update on the USD/JPY this morning the dollar has continued to press higher and that has seen the USD/JPY rise to session highs not long ago around 159.49. This will not please the BOJ and probably not the Fed either, but the fact that US yields are simply refusing to come off at the moment is a key reason why the USD/JPY is higher.

As to whether it can continue and reclaim levels above 159.61 again remains to be seen, but it is certainly headed that way at the moment. The USD/JPY is right now at 159.48
 

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