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USD/JPY extends morning gains to above 150.60
Gradually since the European stock market opening, the gains seen in the DAX and the CAC have the US equity futures remain contained and have not fallen back and are now off their earlier lows. That has delivered something of a positive risk dynamic across all the markets and helped the Yen to weaken further. US yields are off their lows too. The USD/JPY has lifted above 150.50 and towards 150.75. That in turn has lifted the EUR/JPY and GBP/JPY. Both of those are close to session highs. There are some technical resistance levels in between 150.70 and 151.00 but nothing really of major importance. The USD/JPY just now hit a session high at 150.69. It is currently at 150.67
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