Trump helps the USD/JPY reject a fall below 139.58

The rebound in the dollar since the fall below 140 seen yesterday delivered a rebound high much earlier today at 143.22. That high compares to close last night at 141.57. So, as you can see, the dollar had already recovered above that 141 handle, which had kind of capped it throughout most of the session yesterday. The rise to 143.22 was rapid, but then reversed, as the dollar euphoria took a rain check. That saw the USD/JPY fall back below 142 and since then it has fallen back to 141.75. In fact looking at the short-term chart you can see that 141.75 level has not long ago been put to the test again. It is close to that level right now and it remains to be seen if this will hold the downside reversal from here on. The USD/JPY is right now at 141.82