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USD/JPY lifts in Asian trading

Yesterday, as the European markets were drawing to a close, US treasury yields fell back as flow headed back into bonds and stocks rose. That undermined the move higher in the USD/JPY and sent the dollar back, from an earlier high at 150.69. The USD/JPY fell back to 150.32  and later closed in the US at 150.37. It has rebounded today though, from an earlier session low at 150.34, to touch 150.70 a short while ago. The move higher comes following from mixed rhetoric from the BOJ governor this morning and looks once again driven by another immediate rebound in US yields. The USD/JPY is just now trading at 150.68

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