USD/JPY holds above 107.05

FXStreet (Córdoba) - USD/JPY pulled back from levels around 107.55/60. The decline found support above daily lows and during the last few hours the pair has remained steady moving in a range between 107.40 and 107.15.

The pair is consolidating and is headed toward the lowest daily close since September 16, posting the fifth daily decline out of the last six trading days, as it continues to retreat from 110.06.

Stocks in Wall Street are falling modestly while US bond yields (futures) are falling giving support to the Japanese currency in the market.