USD/JPY on approach to 149.00 again

<p>I posted earlier on a slightly stronger USD as US yields inched higher:</p><ul><li><a href="https://www.forexlive.com/news/us-yields-are-opening-the-week-higher-supporting-the-us-dollar-weighing-on-risk-20231127/" target="_blank" rel="follow" data-article-link="true">US yields are opening the week higher, supporting the US dollar, weighing on 'risk'</a></li></ul><p>While the moves were described in that post were small only they have since reversed.</p><p>More notable though is the drop for USD/JPY. Again, there is no fresh news apart from what has already been posted, so there is no 'smoking gun' for the move. Wholesale level services inflation did come in a little stronger than expected. I suspect point to that is clutching at straws:</p><ul><li><a href="https://www.forexlive.com/news/japan-data-ppi-services-for-october-23-yy-expected-21-20231126/" target="_blank" rel="follow" data-article-link="true">Japan data: PPI Services for October +2.3% y/y (expected +2.1%)</a></li></ul><p><br></p><p><br></p><p><br></p><figure data-media-><img src="https://images.forexlive.com/images/usdyen%20monday%20update%2027%20November%202023_id_bafb2013-1e78-46ac-a3c6-609d42635b75_size900.jpg" alt="usdyen monday update 27 November 2023" width="1071" height="741" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/usdyen%20monday%20update%2027%20November%202023_id_bafb2013-1e78-46ac-a3c6-609d42635b75_size900.jpg" /></figure><p><br></p><p><br></p>

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