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USD/JPY edges above 153.90
Earlier this morning the USD/JPY did just nose its way above 153.75 but then stalled. Well, a few minutes ago it pressed a little higher and has traded to 153.97. The move higher comes as the EUR/USD slips back and hits session lows around 1.1626. It is not really clear which is leading the other at the moment, but it looks like the USD/JPY is controlling the price action.
The move lower in the EUR/USD comes as the important ECB policy decision looms ever closer (12.15pm GMT), but we shall look at that shortly ahead of the release. The further gains in the USD/JPY have added some fresh pressure on Gold, as that now sets fresh session lows a moment ago below $4,384. The USD/JPY is right now at 153.96
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