USD/JPY up 15 pips on the day to 112.45
Reports of the death of the dollar may have been greatly exaggerated.
The dollar has jumped into the London fix, which could be a coincidence or a sign of a comeback in the dollar.
The puzzle is why the US dollar is struggling despite rising Treasury yields and upbeat economic data. Morgan Stanley writes today about the bigger picture and rising US current account deficit and trade deficit growth is a dollar drag.
h/t @Yogi_Chan
As for USD/JPY. The latest gain perked up above the September highs to the best levels since July 22.
