USD/JPY back above 150.00

There is no fresh news nor data catalyst pushing the yen weker.

We got some data earlier that didn’t it seems to me, argue for yen weakness:

• Japan PPI Services for January +3.1% y/y (expected +3.1%)

And yet, here we are:

Looks like a solid band of resistance just to the left there around 150.50 and area? Let me know in the comments.

This article was written by Eamonn Sheridan at www.forexlive.com.