USD/JPY steps back from brief look above 143

Earlier this morning an update here noted the Asian high in the USD/JPY at 142.95. Well, subsequent to that update and after the European markets got underway, the dollar pushed just above that 143 handle. The high seen was set at 143.04. Since then it has reversed lower, towards 142.50 and that relapse comes as thew European stock markets come off the boil. The FTSE peaked at 8,301 just after the opening and that is now now back underneath 8,275. The DAX peaked at 18,588 and it has since fallen back to around 18,525, but the price action remains rapid at times, as indeed it does on the USD/JPY and hard to pin down exactly. The oil price has also edged lower and all of this comes as the Nikkei futures turn deeper into the red. So, it is that which has pushed the USD/JPY lower. The USD/JPY is currently trading at 142.63