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USD/JPY edging lower again
Since my last update, the USD/JPY has stalled ahead of 149.25 on the rebound from an earlier Asian session low at 148.70. It is right now trading back to test that earlier low as I write here. The drop back in the dollar is taking the EUR/JPY and GBP/JPY lower with it of course. It remains to be seen just how much further the dollar will fall, if it takes out that earlier low, which indeed it is trying to do right now. The drop back in the dollar is not based on any change in US yields, as those are virtually unchanged from where they were earlier. The USD/JPY is just now trading at 149.76
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