The start of a new week and yen pairs are on the rise again 15 May
Forget that N. Korea are developing a long range ballistic/nuclear missile it seems that markets are more encouraged by firmer oil prices that in turn are giving a bid tone to equities.
Better risk sentiment prevailing then and that's seen USDJPY up to 113.55 with EURJPY up to 124.22 and GBPJPY 146.68 underpinning core pairs and rallying to post new session/Asian highs.
GBPUSD should see sell interest into 1.2930 then 1.2950 as per my earlier post.
CADJPY a prime mover understandably and that's pushing USDCAD down to test 1.3650 as oil prices push higher again with WTI posting $48.78 from $48.50. A break of 1.3650 should see next target of 1.3620-30
General commodity feel-good/AUDJPY demand also helping AUDUSD up to 10-day highs of 0.7426
CADJPY on the march higher as oil prices firm
