USD/JPY meets with sellers above 144 again

Yesterday the events in the Middle East delivered gains for the Yen and the dollar and that saw the USD/JPY fall from an earlier session high at 144.53 to a low at 142.97 just ahead of the 4pm London fix. That fall overshadowed US data that should arguably have sent the USD/JPY higher, but in situations of extremis, the data rarely matters much. However, as the attack on Israel came and went with little apparent damage, the USD/JPY rebounded into the US close, ending that session at 143.57. Earlier this morning, despite fresh downside in the Nikkei 225, the dollar rose back above 144 again. However, and perhaps unsurprisingly it seems to have met with sellers above that level once again. The high seen not that long ago was set at 144.19. It has since dropped back to 143.78. It is currently trading at 143.87