USD/JPY on approach to 149.00 again ...Middle East

I posted earlier on a slightly stronger USD as US yields inched higher:US yields are opening the week higher, supporting the US dollar, weighing on 'risk'While the moves were described in that post were small only they have since reversed.More notable though is the drop for USD/JPY. Again, there is no fresh news apart from what has already been posted, so there is no 'smoking gun' for the move. Wholesale level services inflation did come in a little stronger than expected. I suspect point to that is clutching at straws:Japan data: PPI Services for October +2.3% y/y (expected +2.1%) This article was written by Eamonn Sheridan at www.forexlive.com.

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