USD/JPY is having another look at 140

<p>Watch for buy stops in USD/JPY if 140.00 gives way.</p><p>The FX market had a couple looks at 140.00 yesterday but failed at 139.99 both times, creating an interim double top that resulted in a dip down to 139.12.</p><p>The dollar is bid once again today after a low initial jobless claims report and a break would eye the 141.00 range, which is the 50% retracement of the move on the above chart.</p>

This article was written by Adam Button at www.forexlive.com.