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USD/JPY stalls ahead of 149.50 again so far today
Yesterday, as noted here the USD/JPY ran out of steam ahead of 148.50 and closed in the US at 149.32. Earlier this morning it tried to vault that 149.50 level again, after the BOJ governor, Ueda echoed what his deputy had said yesterday. The high seen so far following those comments was set at 149.49 and it has backed off a little since stalling up there again. Clearly there is selling interest at that level still, but I see no particular technical reason for that, unless it is linked to an option expiry of some sort. It is also worth noting, that the Japanese markets will be closed on Monday. The low seen earlier today was set at 149.24. The USD/JPY is currently trading at 149.28
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