<p style=““ class=“text-align-justify“>In the transition from Asia to Europe, the pair fell to a low of 145.10 before steadying a little. And as the dollar is sitting firmer across the board, we are seeing buyers come back into play for USD/JPY in a push back up to 146.47, near its highest levels on the day.</p><p style=““ class=“text-align-justify“>There’s not much news driving the push besides some added headlines on Japan’s stimulus package, said to be ¥71.6 trillion, according to the final draft of the economic package as cited by Reuters. But that isn’t a market mover by any means. Instead, this is largely flow-driven as we see buyers show some appetite after the continued fall in the past few days following the intervention play.</p><p style=““ class=“text-align-justify“>The fact that Treasury yields are also higher today (10-year yields up 5 bps to 4.065%) is also helping the mood, with the dollar finding a footing at the moment.</p>

This article was written by Justin Low at forexlive.com.