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USD/JPY pressing ever closer to major levels
The USD/JPY is not backing off at all today. In fact the dollar has just lifted to fresh session highs above 151.65. That means it is pressing ever closer to the major double top on the long-term charts. That price level has been mentioned here many times before and in case you missed it, those are at 151.95 and 151.91 from the highs set in 2022 and 2023. Right now the dollar seems pretty determined to test these level, but at the same time it remains to be seen what might happen up there. As noted earlier though; there is no doubt this is very high on the radar now today. The USD/JPY is currently trading at 151.65
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