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USD/JPY lifts from a new low on the week at 144.94
Yesterday the USD/JPY fell steadily into the US close and later ended that session at 145.26. That close was not far above the noted earlier European low at 145.18. Well, that low was taken out at the start of the Asian session today and it seems stops were tripped below 145.18. That delivered a low earlier today at 144.94, but the dollar has managed to rebound off that low so far and the move higher, to above 145.50 has coincided with a rebound in the Nikkei 225. So, as you can see, the inverse correlation between the Yen and the Nikkei remains as intact as it ever has been. The high seen so far today on the USD/JPY has been set at 145.78, but it has backed-off that high now, currently trading at 145.60
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