USD/JPY had broken its overnight high and traded up to test the 108 big figure
Japan's chief cabinet secretary Suga says there is absolutely no discussion on reviwing US-Japan security relationships.
This is helping yen to slip a little. there had been some reports that Trump was unhappy with the US-Japan alliance as it stood but Suga denying there is any talk of this. The yen has also been a topic of concern from the US. If the security question is off the table (according to Suga) it is being read as indicative of some of the pressure coming off Japan from trump.
And its given an opportunity to take out a few stop loss buy orders above the US time high. Extending the USD gains since Bullard rolled back thoughts of the more extreme Fed cut scenario (of 50bops in July).
Helping along flows out of the yen is also this earlier from SCMP:
