USD/JPY moves off earlier lows of 104.20 to 104.72
The slight nudge higher comes as the dollar is also seen holding its ground a little on the session, with EUR/USD backing off 1.1900 to 1.1850 levels currently.
So far, the dollar is gaining back some ground on the session as we also see AUD/USD pare gains in a fall from 0.7225 to 0.7195 while NZD/USD is now sitting lower by 0.3% to 0.6680 – reaching session lows in fact.
Back to USD/JPY, the nudge higher isn’t amounting to much yet as sellers still keep near-term control in the pair with the 100-hour moving average only seen @ 105.08. Keep below that and sellers will continue with the more bearish near-term bias in the pair.