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USD/JPY extends rebound gains as US stocks fall back
Well, it seems the higher than forecast prices paid element of the US ISM index has had an impact across the markets and helped to push the US yields back up again and that has supported a deeper rebound in the US dollar. The USD/JPY is now approaching the 153 handle and the GBP/USD is now more than 100 pips below its earlier highs. The EUR/USD is tracking back lower too and now below where it was before the US jobs data hit the screens. This all comes as the froth really comes off the earlier US stock market rally. The USD/JPY is currently trading at 152.90 and that rebound might have been partially helped by Japanese official comments, refusing to outline a rate for the pair
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