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USD/JPY on the rebound so far this morning
Yesterday the USD/JPY fell back gradually throughout the European session, after peaking earlier in the day, at 145.17. The fall extended to a low at 143.91 ahead of the US close. The USD/JPY later closed in the US at 143.96. At the start of the Asian session today the dollar slipped to a low at 143.69, but since then it has been on the rebound and reached a high so far this morning at 144.54. It is not far below that high just now and seems to be driving all the major pairings this morning, as noted here earlier. The USD/JPY remains volatile and certainly still the most volatile of all the major pairings and we should expect another day of fluid price action and relatively extended ranges. The USD/JPY is currently trading at 144.49
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