158 continues to defy USD/JPY bulls
Twice over the past two days, we have seen USD/JPY break – yet fail to close above – 158. Which is what I warned of on Friday after the BOJ's meeting. And with US data beginning to roll over, a case for USD/JPY to top out could be building. A small shooting star formed on Tuesday, making it the second over three days and a double top around 158.30.
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