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The next round number for the USD/JPY?
Well, the rebound gains in the USD/JPY have extended some more since my last update and now the dollar has reclaimed levels above 144.65. The earlier price swing (which seems totally erroneous now, as I thought then ) with a sudden drop from 143.78 to 142.55 has now flipped back through that earlier high and that could produce a measured, flip move target of 145.01. That is to say, one simply adds the prior 123 pip fall to the prior high at 143.78 to arrive at 145.01. We shall see if that plays out and if it does, the dollar will run into sellers at 145. The USD/JPY is currently trading at 144.64
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