USD/JPY swings between 154.78 and 156.23 in another volatile session

Earlier this morning the USD/JPY fell back below the 155 handle again. The fall seen in Asia yesterday had seen it hit a low at 154.98, before rebounding to 156.58 ahead of the WSJ report. The fall that followed did not see the dollar take out the 155 handle again, despite the slide in the dollar elsewhere. To be honest that was rather surprising given the slide in the USD/CNH. The USD/JPY closed in the US last night at 155.62. Well, earlier this morning, the USD/JPY did take out that 155 handle again and fell to a low at 154.90. Of course the price action this week is not just about the dollar, it is also about the Yen and what the BOJ delivers early on Friday morning. Well, the USD/JPY then rebounded off the lows and earlier it spiked back to 156.23 on that Trump trade tariff volte face. It then tumbled again, to set a session low at 154.78. What is abundantly clear folks: volatility is in play again here today and likely to remain that way for the rest of the week. The USD/JPY just now on the rebound again, currently trading at 155.47