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USD/JPY making another move towards 158.42- will it give way this time?

Since much earlier this morning the USD/JPY has more recently managed to push its way higher and right at this minute it looks a lot less pivotal around that 158 handle than it did earlier. The dollar is now lifting above 158.30 and hence closer to the high seen so far this week, at 158.42. As earlier mentioned, the much better than expected US data yesterday afternoon could not quite deliver a move above that previous 2025 high. However, right now it is close to it once again and perhaps set for another attempt at the level. The only caveat to that just now could be the fact that any move above 158.42 might be curtailed ahead of the US economic releases a little later today. It also depends on whether or not there are any stops in place above 158.42, as how the price action unfolds, if it is reached. The USD/JPY is currently trading at 158.34
 

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