USD/JPY back above 150.00 ...Middle East

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%)

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.

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