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USD/JPY powers back above 155 again
The Yen has weakened again today. The USD/JPY has lifted back above the 155 handle. The high seen so far today has been set at 155.46 a moment ago. To put that in context, the low seen yesterday was set at 153.29. The USD/JPY had closed in the US last night at 154.66. The further gains for the dollar this morning come as US yields edge a little higher and despite some negative tricks in the Nikkei 225 today. The US 10 year note is right now at 4.41% and that has been the driver behind this dollar rebound. The USD/JPY is currently trading at 155.44
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