USD/JPY catches a bounce back above 150.00 for now ...Middle East

The volatility swings are continuing in the pair and the latest move here is part of that. Treasury yields remain on the softer side with 10-year yields at 4.058%, so this isn't really tied to that. Looking at the chart, the bounce does come after price tested the 61.8 Fib retracement level of the swing higher this year at 148.53 though.In spite of the bounce, it's hard to call a bottom just yet for the pair. The Fed was more dovish yesterday and if you're looking to fade the yen surge following the BOJ, I would argue other yen pairs might be a better option. For example, CHF/JPY is catching a bounce off 170.00 and nudging back above its 200-day moving average. GBP/JPY is also holding at the

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