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USD/JPY pushing lower right now and here is why
As the GBP/USD does start to make a little progress following the generally better than forecast UK data releases a short while ago, the USD/JPY is falling back. Earlier the USD/JPY was above 151 and had risen to 151.21. The fall in the Nikkei 225 and right now fresh downside in the US futures has pushed the Yen higher. The higher than forecast Japanese (Tokyo) CPI data seen earlier today has also weighed on the dollar, as has the deteriorating risk backdrop too. The surge in Gold to fresh records today is not to be overlooked and given all those drivers, it is actually surprising that the USD/JPY is not even lower than it is right now. That said, it is falling back just now. The USD/JPY is currently trading at 150.56
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