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USD/JPY holding rebound gains so far today

As covered here later yesterday evening, the rebound above 151 in the USD/JPY extended and held into the US close. The USD/JPY ended the US session at 151.36, after rebounding from an earlier session low at 150.06. The main reason for the recovery was due to a corresponding rebound in US treasury yields and further gains in the major Yen crosses. The price action so far today has seen the dollar hold those gains during the Asian session. The range has been covered by 151.12 to 151.37. The USD/JPY is currently trading close to session highs ahead of the European opening, right now at 151.34

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