USD/JPY runs into Japanese rhetoric above 150

The USD/JPY was unable to hold gains above the 150 handle at the end of last week. As commented on here at the time, it seems that several Japanese officials took the news wires, to try and halt further gains in the dollar, as it lifted above the 150 mark. Well, in that respect they seemed to have some success ahead of the weekend. The USD/JPY fell back from an earlier session high, at 150.28 and later dipped below the 149.50 level after the European close (149.36 the low). The USD/JPY later closed in the US on Friday, at 149.53. Overnight the dollar has edged lower and that is perhaps part and parcel of the move even higher in Gold again this morning. The dollar has earlier fallen back to a session low at 149.09. It is off that low right now though, currently pushing back above 149.31