USD/JPY is back above 147.00 ...Middle East

USD/JPY traded higher on Monday in Europe. It tracked pretty much sideways during the US holiday that followed. Asian morning trade is testing the Monday high. The backdrop is solid uptrend on the hourly chart, but note the prior tops around this area from late last week that, for my 2 cents, look like some sort of resistance for now:Comments welcome! This article was written by Eamonn Sheridan at www.forexlive.com.

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