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USD/JPY drops back towards 146 as Nikkei futures slip
The noted rebound in the USD/JPY earlier this morning, to a high at 147.90 has now given way ti a deeper move lower and just now the dollar came close to the 146 handle. As you can see, the Yen is still volatile across the board and not just versus the dollar. The Nikkei 225 futures just fell back a bit further and that is impacting the Yen, as indeed it has been all this week. The inverse correlation between the Yen and the Nikkei is as firmly in place as it has ever been. So, if you are trading the USD/JPY (or any of the Yen crosses) then please keep a close eye on those Nikkei futures at the same time. The USD/JPY is currently trading at 146.30
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