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USD stalls again above 158.00

Yesterday, as noted here ahead of the US close, the USD/JPY looked like it had set in place a potential double top above 158. Well, it has pretty much done that after the high yesterday morning, at 158.23 was not revisited. However, strictly speaking in order to confirm that it ideally needs ti fall below the previous relapse low, after the dollar had peaked at 158.26 last Friday and that was at 156.89. The price action so far today has been muted though, due to the US Juneteenth public holiday later today. The range seen in Asia and just ahead of the European opening has been covered by 157.73 to 157.92. The USD/JPY is currently trading at 157.79
 

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