USD/JPY hit a fresh high of 111.73

USD/JPY D1 20-02

Meanwhile, the dollar is also extending gains against the euro and pound as we see EUR/USD slip to a low of 1.0778 with GBP/USD at 1.2885.

Yen pairs are also climbing higher across the board as the yen is weakening faster than the other major currencies for now with EUR/JPY and GBP/JPY at session highs too.

It looks like the wild ride is continuing and this isn't the time to get off it just yet.

For USD/JPY, a retest of the 112.00 level and the 24 April 2019 high @ 112.40 looks to be on the cards now.