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USD/JPY extends gains to above 143.00
The move higher in the dollar has now extended even more. The USD/JPY just lifted above 143 a short while ago, reaching 143.04 so far. This further rise in the dollar versus the Yen is maintaining pressure on the EUR/USD, despite some upside in the EUR/JPY at the same time. There has been no let up in US yields yet and that is further endorsing this move higher in the dollar. The US stock futures are very much in the red still, but off earlier session lows. Early US participants are now returning to a market that has seen plenty of action across a number of varying asset classes already today. The further gains in the USD/JPY have also pushed gold down below $2,050. The USD/JPY is currently trading at 142.98
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