USD/JPY is moving towards a line of 143.0120 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USD/JPY continues in its current trajectory, we may see it move towards 143.0120 within the next 17 hours.
If you’re short USD/JPY you should be aware of the rapidly approaching level of 143.0120
