USD weakening further in Asia trade, USD/JPY towards 149.00

<p>USD/JPY traded higher early, back towards 150 but has been sold off a big figure or so to approach 149.00</p><p>Apart from what has already been posted there is nothing fresh. </p><p>AUD, EUR, GBP, NZD, CAD are all stronger against the dollar.</p><p>Yuan is a notable beneficiary, we had USD/CNY set at its strongest (for CNY) since August 11 earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-sets-usd-cny-reference-rate-for-today-at-71612-vs-estimate-at-72320-20231120/" target="_blank" rel="follow" data-article-link="true">PBOC sets USD/ CNY reference rate for today at 7.1612 (vs. estimate at 7.2320)</a></li></ul><p>Back to the JPY, thoughts of a pivot from the BOJ are gaining more widely:</p><ul><li><a href="https://www.forexlive.com/centralbank/pimco-makes-bold-yen-buying-move-forecasting-bank-of-japan-monetary-tightening-20231120/" target="_blank" rel="follow" data-article-link="true">Pimco makes bold yen buying move, forecasting Bank of Japan monetary tightening</a></li></ul>

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