USD/JPY on the rebound this morning

As noted here in an earlier update this morning, the USD/JPY has recovered from an earlier Asian low at 147.19. The dollar is pressing close to the high seen yesterday, when it peaked at 147.93. The USD/JPY had closed in the US last night at 147.61. The proximity of the Fed monetary policy decision this evening might be one factor behind the rebound in the dollar again and the fact that today is the last trading day of the month could be another. The high seen so far today has been set at 147.87. There will be more to add on this and its prospects this evening as the day unfolds. The USD/JPY is currently trading at 147.81