General USD demand again sees the pair rally back up through key 104.00 level
The area has been pivotal lately and we're having another look above as traders once again favour the greenback.
Nikkei underpinned too near session high highs as a result.
I would expect USDJPY sellers/Japanese exporters to re-appear around 104.20 and 104.50 again.
Currently 104.13 with Nikkei up +0.45 at 16849.19 vs 16855.90 highs
Two large-ish option expiries in play today as per my heads-up yesterday.