29 Jan 2015
USD/JPY extends gains, rises toward 118.50
FXStreet (Córdoba) - USD/JPY gained momentum during the American session and broke above 118.25, where yesterday’s highs lie. The pair printed a fresh high at 118.47 and it was trading at 118.35, 80 pips above the level it closed on Wednesday.
The US dollar was rising across the board, US bond yields were falling modestly and stocks were mixed in Wall Street.
USD/JPY remain in ranges
Yesterday the pair dropped but found support above 117.15, where a key short term support is located. Since last week price has been moving in a range between above 117.15 and below 119.00. A break of the mentioned range could trigger a continuation move.
The US dollar was rising across the board, US bond yields were falling modestly and stocks were mixed in Wall Street.
USD/JPY remain in ranges
Yesterday the pair dropped but found support above 117.15, where a key short term support is located. Since last week price has been moving in a range between above 117.15 and below 119.00. A break of the mentioned range could trigger a continuation move.