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USD/JPY steps back from above 152.50

The USD/JPY has rebounded today. Yesterday afternoon the dollar fell back to a low at 151.53. It then rebounded into the US close, ending that session at 152.13. Not long ago this morning it pushed to just above 152.50, peaking so far at 152.54. It has stepped back from that high right now though. The low seen yesterday managed to hold the 200 day moving average (now in place at 151.59), so that remains a level of importance for the session today. The move higher in the USD/JPY since early yesterday afternoon has helped to push both the EUR/USD and GBP/USD lower over the same timeframe. US treasury yields steadying has helped too. It is going to be choppy over the next couple of days and remember all bets are still very much on the table, when it comes to the US election outcome. The low seen earlier today was set at 152.10. It is trading right now at 152.39

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