USD/JPY needs a reason to cleanly break above 2007 high
The US dollar is broadly higher today but not against the yen. USD/JPY is down 6 pips on the day to 124.08. The pair is locked to 124.14, which is a critical level.
A busy US economic calendar could get USD/JPY moving. At the bottom of the hour the PCE report is due and that's followed by speeches from Rosengren and Fischer, then the ISM manufacturing report at 10 am ET (1400 GMT).
