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USD/JPY lifted by higher US yields even as Nikkei 225 falls

A little earlier this morning the USD/JPY extended upon the gains seen into the US close last night. The dollar continued to forge above the 150 handle and later closed in the US at 150.84. The USD/JPY then rose to a high a short while ago at 151.10. It has stepped back from that high just now, but what is clear; is the dollar lifted on the back of higher US yields and totally ignored the falls seen today in the Nikkei 225, further twisting the more usual Yen/Nikkei dynamic. There have been a few more comments from Japanese officials this morning regarding the exchange rate, but so far those have fallen on deaf ears. The low seen on the USD/JPY earlier today was set at 150.50. It is currently trading at 150.82
 

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