USD/JPY higher this morning following technically weak close last night

As already noted, slide in the USD/JPY yesterday seemed to smack of month-end selling pressure. That added to a drop in US yields yesterday saw the dollar first take out its 200 day moving average (then at 152.00) and later slide to a low at 150.45 just after the 4pm London Fix. The risk of stops being tripped through 152 was highlighted here and so it seemed that set the ball rolling and those other factors merely compounded the move. The fall in the Nikkei 225 did not help either. The USD/JPY did rebound off the lows into the US close, later ending that session at 151.09. It has extended that recovery so far today and no prizes for you noticing the Nikkei is higher this morning too. The range seen so far today has been covered by 150.93 to 151.75. That 200 day moving average is unchanged and in place this morning at 152.00. All the while the dollar holds below that level, the risk of another fall will remain in place. The USD/JPY is currently trading at 151.56. Keep an eye on those US yields again today people