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USD/JPY hanging in there as month end looms

The dollar is not exactly bouncing back yet into the month end later today, but it is off the worst level seen this time yesterday, when the EUR/USD and GBP/USD reached their highest levels for some months and the USD/JPY fell back to 146.67. It would seen at this stage today, that most of the dollar outflow suspected to unfold into the month end might have been and gone. However, I am not assuming that is necessarily the case just yet. The USD/JPY is lower this morning, after rebounding close to 148 at one stage yesterday afternoon. The USD/JPY closed in the US last night at 147.24. Earlier today it dipped below the 147 handle again, reaching a session low of 146.85. It is just about hanging in there right now, but the rise in US bonds is not helping it much as yields remain near recent lows again this morning. The USD/JPY is currently trading at 147.10 
 

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