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The G7 meeting over the weekend apparently “tolerates” the further depreciation of the Yen – TD Securities

FXstreet.com (London) - The Yen has been seen at fresh four-year highs against the dollar overnight in the wake of broad based dollar weakness in higher highs and lows for the world’s commodity currency.

Although, it’s been the USD/JPY that has taken the limelight in its advancement of late and there have been a number of factors so far appeasing the bulls in USD/JPY with a rise in U.S. yields, new highs in the Nikkei and Japanese purchasing of foreign bonds. Currency moves have been a hot topic on the agenda at the G7 and Alvin Pontoh, Asia-Pacific Macro Strategist, FX & Rates Strategy at TD Securities notes, "The G7 meeting over the weekend apparently “tolerates” the further depreciation of the Yen, and that is seen as a factor behind the further rise of USDJPY to ~102 in the Asia session today."

Forex News: USD/JPY opening in London and traded at 102.00 handle overnight

USD/JPY has opened in the European session with snow on top of it, with highs seen above 102.15 in a gap in the hourly charts and a fresh 4 year high for the pair.
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