USD/JPY faces up against key trendline test again ...Middle East

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USD/JPY faces up against key trendline test again
The low earlier hit 157.70 and that puts it up against a test of key trendline support for the year, seen around 157.75 currently. It's a big moment for USD/JPY as a break of that will start to chip away at the resolve of dip buyers. And that could lead to a more meaningful retracement lower for the pair in the short-term.For today itself, a softer risk mood seems to be weighing on overall market sentiment as we look towards European trading.S&P 500 futures are now down 0.4% with tech shares looking rather heavy in particular. Nasdaq futures are down 0.7% currently.The dollar itself is keeping a bit more mixed and holding lightly changed elsewhere after yesterday's action. The stronger US re

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