Nikkei firmer into the close but yen pairs not so impressed

The Nikkei 225 has posted new session highs of 18,379.23 but we're not seeing any corresponding yen weakness

Currently 18,337.49 , +0.83%, but USDJPY 120.02 after capping around 120.13 which I mentioned earlier

The lack of correlation is by no means rare but it does tell us that the market is happy to sell into yen pair strength for the moment after the rapid falls post-BOJ and indeed that the Nikkei rally may be a little overcooked