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USD/JPY takes out previous Friday low as US ISM looms closer
It will not be that long now until the April ISM manufacturing index is released, at 2pm GMT. Ahead of this release the dollar has weakened a bit more. Gold has further further too and now extended the earlier noted break above $3,272. That has now delivered a move to above $3,320 and hence a rise of more than $80 from the earlier Asian low. The drive higher in Gold has clearly also weighed on the USD/JPY and it is clear Gold has led that move. The USD/JPY has not long dipped just below the low seen on Friday, at 143.73. The low so far is 143.71. Once again the reader is reminded this will be very much front and centre of any adverse reaction (either way) to that ISM service sector index. The USD/JPY is currently trading at 143.74
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