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Yen strengthens following Kremlin comments as dollar gains versus Europe- check out the USD/JPY again
Earlier today the Yen was losing ground and that saw the USD/JPY edge towards the 150 handle again. However, more recently the USD/JPY has fallen back and taken the EUR/JPY and GBP/JPY lower with it. That is well demonstrated by the fact the GBP/USD has fallen below 1.29 and the EUR/USD has dropped back towards 1.0775 as the USD/JPY fell. The driver for all this was a reported Russian refusal of the US peace plan for the conflict in Ukraine. The USD/JPY is right now at 149.17
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