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USD/JPY slips back towards 154
The USD/JPY is just now falling back towards 154, having earlier lifted above 154.50. The move lower in the dollar comes as the heat comes out of the European stock markets higher opening and the US futures pare earlier gains. The move lower in the USD/JPY comes amid a slight dip into the red for the Nasdaq 100 and S+P 500 futures. At this stage there is no suggestion of anyone official leaning into the USD/JPY and the price action is not rapid or indicative of intervention. The lower dollar is also pushing back the likes of the EUR/JPY and GBP/JPY. The GBP/JPY is faring the worst of those, as the EUR/GBP presses higher and the GBP/USD remains camped underneath its 200 day moving average for the time being. The USD/JPY is currently trading at 154.09
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