Rise in Equity Prices Pressure USD JPY

The rise in equity prices is driving up demand for higher yielding assets.

The rise in equity prices is driving up demand for higher yielding assets. This is helping to put pressure on the USD JPY as traders continue to pressure the U.S. Dollar because of low interest rates. Traders continue to treat the Dollar as a carry currency because of the Fed’s decision to keep U.S. rates at the lowest level in the world.