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USD/JPY steady in subdued Asian trading today
Yesterday afternoon the dollar hit session lows leading into the final 4pm London fix of the week and that saw the USD/JPY fall back to 141.90. One driver for that was the earlier, very poor Philadelphia Fed business index. The latest reading saw it crumble from a prior reading of 12.5 to a new reading of -26.5. That was a startlingly poor number. Well later on the dollar did rebound following comments from Trump, which seemed to add a degree of support to the broader risk markets. The USD/JPY later closed in the US at 142.43. The range seen in Asia today has been covered by 142.22 to 142.52. The USD/JPY is pretty much in the middle of that range now, as the Asian session draws to a close. The USD/JPY is right now at 142.38
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