USDJPY higher on strong Nikkei showing but sell interest seen close by

I posted last night that the yen’s continuing trend would, not surprisingly given recent showing, be dependent on the Nikkei and so it’s proved.

With the Nikkei closing on daily highs up almost 5% we’ve seen USDJPY rally to 98.43 earlier

Currently 98.37 but good sell interest is reported at 98.50

Japanese buyers reported to be moving bids up to 98.00 from 97.50 though