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USD/JPY rebound meets with resistance at 147.15

Since my earlier update here on the USD/JPY, the dollar rebounded back above 147 a short while ago. However, despite reclaiming that price point, it has not yet managed to vault what was a prior support level that had given way on the move lower. That is in place at 147.15 and so far it has seemed to cap this current recovery. Now, there might be stops above 147.15, but so far there seems to be sellers in front of it and that has stalled the rebound. The high seen a little earlier was set at 147.11. The USD/JPY is just now trading at 146.94
 

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