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USD/JPY recovers earlier slide to 158.75
Firstly apologies for the lack of updates over the past 5 hours. Owing to some technical problems here that was not possible. Well, since the last update here the dollar has fallen back and that has been led by the USD/JPY dropping below 159.00. That has allowed the EUR/USD to advance towards 1.0750 and push the GBP/USD close to the 1.27 handle. The USD/JPY fell back to a low at 158.75 earlier and the move sparked speculation; that the BOJ was behind it. There is no confirmation of such action though and besides the USD/JPY has since lifted back above 159.50. It is currently trading at 159.40
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