USD/JPY is up 100-odd points towards 151.75

USD/JPY has risen in morning Asia trade.

News and data flow from Japan has been sparse.

We did have this from the US:

• Mexico has agreed to stop migration into the US (closes southern border)

And this:

• US expected to announce further AI chip sanctions against China on Monday

Whether those are smoking gun catalysts I’ll leave you to decide. A bit underwhelming IMO though.

For the technical analysis folks, back to a wee resistance area? Comments welcome!

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