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USD/JPY creeping closer to 152.00
Since the last update here on the progress and rebound in the USD/JPY this morning, the dollar has gotten closer to the 152.00 handle and the 200 day moving average still in place there. It has not been put to the test yet though and there could be some decent offers ahead of the level. We shall have to see on that. The high seen so far has been set at 151.92 and it is not far off that just now. It is possible; there could be stops above 152 though and that would make sense for those short positions that had sold the breakdown yesterday and are yet to cover those positions and bank, what was a pretty decent gain seen at the low point yesterday. The USD/JPY is currently trading at 151.89
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