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USD/JPY lifts above 161.50 as US yields edge higher
The dollar is still advancing this afternoon and none more so than versus the Yen. The USD/JPY has just now lifted to its best level since last Thursday. The dollar has just traded at 161.52 and that was a price point that was rejected on Friday after the US monthly jobs report sent the dollar back down. The push higher this afternoon comes as US yields lift following the comments from Jerome Powell. That is the driver for the USD/JPY right now, as much as it is a negative for Gold, which has not dropped back towards that $2,351 support level right now. The USD/JPY is currently trading at 161.46
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