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USD/JPY pivotal around 150 so far today
The price action in the USD/JPY looks increasingly pivotal around the 150 handle as the weekend looms. The range seen today has been covered by 149.77 to 150.28. So, as you can see, 150 is pretty much right in the middle of that range. The dollar closed in the US last night at 150.10. The US yields are certainly no higher this morning and that is a drag on the dollar and surely keeping any real upside in check. The Bank of Japan policy meeting, due on December 19 is also a deterrent for the dollar it seems too and just now we had comments out of Japan suggesting the BOJ should raise rates then. However, the US monthly jobs report is more in focus in the short term and that is due out at 1.30pm GMT today. There will be more to add on that in due course, but the reader is reminded; the USD/JPY will be front and centre of any reaction to the report. The USD/JPY is currently trading at 150.11
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