USD/JPY is trading on either side of 150 on a marginally weaker Japanese Yen after balance of trade data showed Japanese exports booming.
On the daily chart, the late October/early November double high just under 152 stands out as an area of interest. If USD/JPY approaches this multi-decade high then the market will be on high alert for any signs of official intervention, either verbal or actual. If Japanese officials effectively cap USDJPY around this level, and with rate differentials between the currencies narrowing in the months ahead, USD/JPY may have a way to fall this year.Retail trader data show 27.
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