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USD/JPY unable to hold an earlier rebound above 144
On Friday the USD/JPY fell to its lowest level of the year when it hit 142.07. The rebound that followed came as US stocks rebounded into the weekly close. That saw the USD/JPY rise back above 144 and later close out the week in the US at 143.54. Earlier today the dollar pushed above that 144 handle again. The high seen was set at 144.31, but it was unable to sustain that move, despite the rebound in risk and higher US yields this morning. The US 10 year note is now at 4.47%. The fall from 144.31 has seen a low at 142.25 as the wider, earlier dollar rebound runs out of steam. So, US yields and equity futures and US yields are higher this morning, but as you can see right now, the dollar is not. The US currency remains under pressure. That said, it is off the earlier session lows right now, currently trading at 142.85
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