USD/JPY could have 140 in the crosshairs now today

Since an earlier update here focused on the price action of the USD/JPY, the noted relapse in the dollar extended to a new interim low at 140.41. In fact that is also a new 2024 low for the dollar. Since that earlier low, the dollar did rebound back to around 140.85, but is tracking back towards the lows again just now. So, the question and observation here right now; is will we see a test of the 140 handle today? Well, to be honest, that level must be well and truly on the radar now for USD/JPY traders today. As to whether it gets there remains to be seen, but that prospect is certainly not ruled out here. As to what it might do, if it does is perhaps a different matter. The USD/JPY is currently trading at 140.52