USD/JPY had popped earlier on the poor spending data:
After highs circa 161.40 USD/JPY gave it all back. The momentum was added to by a little more aggression in the comments from Japan's finance minister Suzuki earlier:
USD/JPY has dipped to just under 160.60. The USD is higher across the board, carrying on its 'risk on' move.
![usdyen 05 July 2024 223](https://images.forexlive.com/images/usdyen%2005%20July%202024%2022_id_9a8b5ec9-5464-44d0-9868-332b1bae4f84_size900.jpg)