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USD/JPY falls back from rebound above 150
The USD/JPY closed in the US last night at 149.72. The dollar made a further move higher at the start of the Asian session today. That saw it reach a high at 150.30. However, it has not been able to sustain the move and since then it has fallen back to 149.46. The initial move higher in the dollar today seemed to defy a fall back in US treasury yields. The 10 year note is now at 4.37% and perhaps that has begun to bite since then and that explains the near 100 pip relapse from the earlier high? The dollar is pushing back up a bit now though and currently trading at 149.67
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