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USD/JPY on the rebound above 147.50 now

The USD/JPY has recovered its poise just now. Earlier the dollar fell back to a new session low at 147.16. It has now rebounded back above 147.50 a short while ago and so it is once again testing that US closing level. Right now this price point looks a little sticky for sure and it remains to be seen, if the dollar can really vault this with more traction as the morning session further unfolds. The rebound in the USD/JPY has so far not dented gold too much after it did earlier push briefly above $2,040. The USD/JPY is currently trading at 147.54

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