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USD/JPY back underneath 144 this morning
Yesterday the USD/JPY lifted above 144.20 after the release of the latest US ISM service sector beat on market forecasts. However, it could not hold the gain and edged back into the US close as the US stock markets reversed earlier gains and fell back into the red by the end of the session. The USD/JPY closed in the US last night at 143.70 and it set an early Asian session low, at 143.56. It then rebounded and had another look on the topside, rising to 144.28. However, once again the dollar has fallen back. The low since the high has been set at 143.63. It is off that low now, but the repeated failure around 144.25 sees sellers still continue to lean into rallies so far this week. That might change, but given the Fed is very unlikely to lower rates tomorrow evening, the dollar could be doing better here right now. The USD/JPY is right now at 143.86
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