23 Dec 2014
USD/JPY holding the 120 handle
FXStreet (Guatemala) - USD/JPY is trading at 120.15, up 0.08% on the day, having posted a daily high at 120.20 and low at 119.96.
USD/JPY remains better bid in slow holiday season markets. The pair climbed to a 2 week high and maintains the hotspot on the 120 handle. The theme is a bid greenback in general, albeit mixed across the board in variances of consistent gains.
The Yen, fundamentally, has been thrown onto the back-foot as markets took on risk in the last sessions of last week leading into the closing days for the year. That said, we are still trading and there are still data risks ahead for the week and in thin markets, you cant be sure of the outcome. Of note, Japan is out on holiday today so markets will be extra light.
USD/JPY remains better bid in slow holiday season markets. The pair climbed to a 2 week high and maintains the hotspot on the 120 handle. The theme is a bid greenback in general, albeit mixed across the board in variances of consistent gains.
The Yen, fundamentally, has been thrown onto the back-foot as markets took on risk in the last sessions of last week leading into the closing days for the year. That said, we are still trading and there are still data risks ahead for the week and in thin markets, you cant be sure of the outcome. Of note, Japan is out on holiday today so markets will be extra light.