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USD/JPY rebound extends close to 156 today
As noted here yesterday, the USD/JPY crumbled to a low at 153,72 in the morning, before steadying and pushing higher into the US close, where it later ended that session at 154.51. The price action so far today has seen it continue that rebound and earlier the dollar extended the recovery close to the 156 handle. The high seen was set at 155.95, after BOJ officials pushed back on any more rate hikes this side of June at the earliest. However, the rebound in the USD/JPY is not just about the Japanese currency, it is also dollar centric too and that has seen the GBP/USD and the EUR/USD balk at further gains and fall back, in moves that were already underway yesterday evening. There will be more to add on those pairs a little later. Meantime, the USD/JPY has just come off the boil from that earlier session high. However, at the time of writing it is still holding above 155.50, currently at 155.61
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