• Buoyant dollar keeps majors, including the yen under pressure

• But dollar has to climb further to negate fears of a top

• USD/JPY consolidates under Wednesday's 158.55 peak, highest level since July

• Spot has seen a 157.77-158.38 range, on Thursday, EBS data shows

• Tech bias could see USD/JPY climb to probe the 2024 161.96 peak

• The 30 and 60-day correlations between USD/JPY and EUR/JPY remains high

Daily Chart:


Correlation Chart:

(Martin Miller is a Reuters market analyst. The views expressed are his own)