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USD/JPY rises above 154.50 as Nikkei 225 leads Asian stocks

The USD/JPY remained elevated all the way into the US close last night, ending that session at 153.92. The dollar has extended that rebound so far today. The USD/JPY has lifted to a session high at 154.65. So far there is no evidence of any BOJ intervention and the further gains in the dollar come amid corresponding gains today in the Nikkei 225. That has led the Asian stock markets by rising, when the Chinese stock markets are all falling. Hence the positive correlation between the Nikkei and the USD/JPY is very much back in play today. The USD/JPY is currently trading at 154.47

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