USD/JPY has risen to simply shy of 147.50

Federal Reserve Chair Powell spoke on Friday, sending the dollar lower:

• investingLive Americas FX news wrap 22 Aug: Markets cheer on Powell tilt (for now)

USD/JPY has bounced back on a retracement move so far in the Asia morning here.

There is no fresh news, although Bank of Japan Governor Ueda spoke on Saturday:

• BOJ’s Ueda: More women, foreign workers needed as aging Japan faces labor squeeze

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I tend to view the move like we got on Friday as a ‘gap’, even though, officially, its not. Which then leads me to expect it to fill. But … I don’t want to be one of those guys that keeps prattling about the gap filling for years and years until it does 😉

This article was written by Eamonn Sheridan at investinglive.com.