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USD/JPY on the rebound this morning

Apart from the focus on the weaker dollar since this time last week, the other noticeable moves would be in the major Yen crosses. Granted the USD/JPY is below 150 now, after narrowly failing to reach a new multi-decade high above 151.95 high last week. So, although the USD/JPY is lower, it has not kept pace with the gains seen in the likes of the GBP/USD and EUR/USD since last Thursday. As noted earlier that has delivered a move above 185 in the GBP/JPY and the EUR/JPY is back above 160 today too. As far as the USD/JPY is concerned, it is still the best performing major pair as far as the dollar is concerned. The Yen is weakening a bit more against the dollar right now too, as the USD/JPY lifts above 149.70 as I type. The USD/JPY closed in the US on Friday at 149.39. The rise in the dollar here is just now helping to stall earlier gains in the GBP/USD and EUR/USD too. However, the GBP/JPY and EUR/JPY in particular, are close to session highs just now. The USD/JPY has just edged off a session high at 149.73 and currently trading at 149.65

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