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USD/JPY moving closer to 156 again

As the European trading session has gotten further underway, US yields are edging off their lows and that has helped the USD/JPY to advance. The dollar is just now pushing back towards the 156 handle once more. The move above 7.29 in the USD/CNH just now is a driver behind the Yen weakening and probably just as much as the higher US yields are helping the dollar. The gains in the USD/CNH and the USD/JPY are adding continuous pressure on the GBP/USD and the EUR/USD. The USD/JPY is right now at 155.84

 

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