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USD/JPY edging off lows as stock gains fade

The dollar is regaining some momentum now. That has seen the EUR/USD drop back to below 1.0750 and it comes as US yields edge a little higher. The modest recovery in the dollar is being led by the USD/JPY though, as that now edges back above 148.65, from an earlier session low at 148.36. The move higher in the dollar comes as the steam comes out of the European stock market gains and the DAX falls into negative territory. The FTSE 100 is still garnering traction from a more than 5% rise in BP shares, but it is well off session highs now. This is adding to some fresh upside traction for the dollar. 

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