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USD/JPY has another look at 158

Much earlier today the USD/JPY pushed briefly above 158. The high seen was set at 158.01. The dollar had closed in the US last night at 157.48. However, the brief visit above that 158 handle soon blew out and the dollar reversed sharply below 157.20. The rebound from an earlier European low (157.30) has come as the dollar more generally fights back from earlier lower levels and US yields nudge a little higher. That has just now seen the USD/JPY top that 158 handle again. The high set a moment ago was at 158.03 and there could be sellers in place above 158 for the time being, as the immediate price action does suggest that is the case. The USD/JPY is currently trading at 157.95
 

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