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USD/JPY steadies above 145 in Asian trading
Yesterday the fall in the USD/JPY saw the dollar drop to a low at 144.46. That low came after the Fed meeting minutes hit the screens, as the US currency got sacked across the board. However, the USD/JPY later managed to rebound and it closed in the US at 145.21. The price action today has seen it trade a range covered by a low so far at 144.85, down from an earlier high at 145.64. That earlier high came as the Nikkei 225 moves back above 38k. The Nikkei 225 looks set to close above that level today, but that is diverging slightly from the USD/JPY, as the weaker dollar dynamic seems to skew slightly the usual Yen/Nikkei correlation. The USD/JPY is currently trading at 145.21
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