20 Mar 2015
USD/JPY slides further, approaches 120.00
FXStreet (Córdoba) - The US dollar is falling sharply across the board and pushed the USD/JPY pair toward the 120.00 zone. Recently printed a fresh daily low at 120.05 and currently trades at 120.10, down 0.55% for the day.
USD/JPY erases Thursday's gains
Yesterday greenback rose versus the yen, as it continue to recover from 119.30 (Mar 18 low) but today it has erased all gains and is consolidating weekly loses. The pair is about to post the first weekly decline after rising during the previous four.
Despite rising sharply against the US dollar, the yen is falling versus other currencies as stocks rise sharply in Wall Street. The Dow Jones gains 1.25% and the S&P 1.15%.
USD/JPY erases Thursday's gains
Yesterday greenback rose versus the yen, as it continue to recover from 119.30 (Mar 18 low) but today it has erased all gains and is consolidating weekly loses. The pair is about to post the first weekly decline after rising during the previous four.
Despite rising sharply against the US dollar, the yen is falling versus other currencies as stocks rise sharply in Wall Street. The Dow Jones gains 1.25% and the S&P 1.15%.