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USD/JPY rebound extends as the losses from yesterday are erased ...Middle East
The pair had threatened a potential break below the 155.00 mark yesterday. That is before dip buyers showed up in Asia today and the rebound is continuing through to European trading now. And that is seeing USD/JPY trade back up to 156.20 levels currently.It's a tough one to attribute the jump today with any major developments. The only data out of Japan was this one on wages and it was still marginally in favour for the BOJ.Besides that, the bond market is staying more tentative as noted here. And the dollar isn't really doing much else across the board elsewhere in European trading.Looking back to the chart above, the rebound is encouraging in moving back above 155.00 and erasing the losse
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