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USD/JPY rebounds from spurious slide towards 149.50
A short while ago the USD/JPY fell back sharply. Prior to that the dollar was lifting towards 150.20. The reasons for the sharp sell-off are not clear, but it could have come from sellers above the 150 handle hedging risk heading into the weekend. The same reason pushed gold back above $2,710. The USD/JPY is off the lows now, following some reports of the BOJ not being in any rush to raise rates again this slide of the new year. The price action remains skittish though and volatility has certainly increased over the past 30 minutes. The USD/JPY is just now trading at 149.93
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