USD/JPY back under 149.00

The fears of plunging JGBs that triggered yen selling on Friday have dissipated:

• Bank of Japan not too worried about grind higher in JGB yields – only if there’s a spike

Yen back on the rise and USD/JPY is now piercing lower:

There is little fresh news about.

This article was written by Eamonn Sheridan at www.forexlive.com.