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USD/JPY turns back down ahead of US data releases

The earlier noted US economic data released will very soon hit the screens and ahead of this the USD/JPY is falling back down. Earlier the USD/JPY hit a session high at 149.35. It is now dropping back towards 146.60. Now of course this is once again cross rate related, as the likes of the GBP/JPY and EUR/JPY are falling back from earlier session highs too. The US data might arrest all these falls, but it could equally extend them, if the data is wide enough of the mark in either direction. The USD/JPY is just now trading at 148.65

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