3 Dec 2014
USD/JPY holds near 120.00
FXStreet (Córdoba) - USD/JPY rallied further during the American session and printed a fresh 7-year high at 119.83 and held near 120.00, consolidating a daily gain of more than 50 pips.
Greenback climbed across the board on Wednesday despite the ADP employment report that came below expectations but still showed that the US labor market continues to recover and made no changes on monetary policy expectations. In a few minutes, the Federal Reserve will release the Beige Book, tomorrow will be the turn of the jobless claims numbers and on Friday, the official employment report will be publish.
USD/JPY unstoppable
Since the beginning of the week, the pair has risen in three days and is about to post the highest daily close since July 25, 2007; extending the rally that started in July from 101.00.
Greenback climbed across the board on Wednesday despite the ADP employment report that came below expectations but still showed that the US labor market continues to recover and made no changes on monetary policy expectations. In a few minutes, the Federal Reserve will release the Beige Book, tomorrow will be the turn of the jobless claims numbers and on Friday, the official employment report will be publish.
USD/JPY unstoppable
Since the beginning of the week, the pair has risen in three days and is about to post the highest daily close since July 25, 2007; extending the rally that started in July from 101.00.