Nikkei 225 erases losses, turns positive on the day
This feels like de ja vu from yesterday, but just that it's the other way around!
The Nikkei is now up by 0.08% on the day, and that's providing further relief for yen pairs who were under pressure earlier.
USD/JPY now back up to 107.24 on the day, EUR/JPY up to 132.74, and GBP/JPY is back above 149.00 - now at 149.05.
Poof, now the Nikkei is up by 0.21%! Blink and you miss it.
Overall, the dollar remains weak on the day. If anything, this is looking like a temporary pause to proceedings that we have seen so far from Asian trading - more than the possibility of a reversal.