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USD/JPY reversal extends to below 152
The fall back in the USD/JPY noted here earlier today has now seen the dollar slip below the 152 handle. The move lower in the dollar comes as US yields dip a bit further. The 10 year note is now below 4.20%. Yesterday it touched 4.25%. The fall in the USD/JPY has helped the EUR/USD to reclaim the 1.0800 handle earlier this morning, but in truth that was more about the better than expected German PMI data than it was anything to do with a relapse in the USD/JPY. The dollar has just now hit a fresh session low 151.94. It is currently trading at 151.98
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