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USD/JPY rebounds from a fall below 151 earlier today

Earlier this morning the current downside run in the USD/JPY saw it fall back once more, from what was another, lower rebound high seen yesterday. That rebound had run into dollar offers ahead of 153 and the USD/JPY later crumbled back below the 152 handle leading into the 4pm London fix. The dollar later closed in the US at 151.41. That lower US close set up a further fall in early Asian trading today. The USD/JPY fell, to set a new 2025 low at 150.96, taking the GBP/JPY and EUR/JPY lower with it. There will be more to add on those later. That dollar low was also the lowest level seen since December 10. It has rebounded now though, but not yet above 151.75. The immediate chart configuration does offer the prospect, that it might recover some more though, but of course that US jobs report,  at 1.30pm GMT will surely decide if any rebound snaps this downside run over the past week. The USD/JPY is right now at 151.74
 

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