USD/JPY edging higher so far today but will it last?

The price action in the USD/JPY so far this week has been covered by approximately 142 to 144 give or take. The low seen yesterday was set at 142.24 and the dollar later closed in the US last night at 143.06. The high seen much earlier in the day was set at 144.08, as the Asian markets reopened on Sunday evening. The range so far today has been covered by 142.85 to 143.59 and it is right now closer to the upper end of that range. US yields are lower, but then again so is risk aversion right now and that is well demonstrated by the US stock market closes last night, gains in the European markets and US futures this morning. Those dynamics are alleviating upward pressure on the Japanese currency and helping the major Yen crosses higher too. All that said, the outlook for the USD/JPY and the dollar more generally remains highly uncertain still. The first sign of risk aversion coming back and that weaker dollar dynamic will also return. The USD/JPY is right now at 143.43