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USD/JPY edging back to test prior breakdown level at 141.70
The rebound in the USD/JPY has continued since the last update here noted it pushing back above 141.30. The dollar has just now lifted to test the prior breakdown level at 141.70. The high seen a second go was set 141.69, so it has pretty much filled the European gap noted earlier on. It is likely to be sticky around this level, as sellers might emerge to sell the rally. It is also possible there might be some very short term stops above 141.70, but that is hard to determine just now. The USD/JPY is currently trading at 141.66
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