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USD/JPY lifts from Asian low at 148.36

Last night the USD/JPY fell back towards and below 148.50 after another attempt to hold a rebound above 149 blew out. That was kind of expected here as repeated updates noting the fact that several attempts to rebound higher looked half-hearted and rather inconclusive. The USD/JPY later closed in the US at 148.51. It has traded lower earlier today, with the Asian low set at 148.36. However, as the European markets get underway, the dollar is pressing higher again, edging back towards that 149 handle once more. The high seen so far has been set at 148.91. There will be more to add on this pair during the day and of course we should remember; that under normal circumstances, the USD/JPY is often the most reactive to the US jobs report. The USD/JPY is just now trading at 148.88
 

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