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USD/JPY grinds above 151.50 ahead of US ISM report

The USD/JPY has just now popped above 151.50 for the first time in a few sessions. The move higher above that levels comes as the US stock markets kick off the new month and quarter amid higher US yields this afternoon. The price action is not at all conclusive at this stage and of course the dollar may yet react in either direction to the US ISM data shortly.  We shall just have to see what that delivers at 3pm GMT. The high seen so far has been set at 151.54 and the reader here is referred back to updates here about the BOJ, USD/JPY at 152 and the risks for the market in that regard. The USD/JPY is currently trading at 151.51

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