8 Apr 2015
USD/JPY rises above 120.00 after FOMC minutes
FXStreet (Córdoba) - Greenback rose across the board after the release of the FOMC minutes from the latest meeting and pushed USD/JPY above 120.00. The pair rose from 119.80 to 120.25 reaching a fresh daily high. The US dollar erased all losses against the yen and is moving toward Asian session highs that lie at 120.35.
USD/JPY Approaching key resistance
The pair has approached again to the 120.35/45 area, that capped the upside yesterday and also last week. Above here it would be trading at the strongest level since March 20.
According to the minutes, Fed officials favored a liftoff later in 2015, amid a stronger US dollar and the decline in crude oil prices. Other officials were in favor of a rake hike in June.
USD/JPY Approaching key resistance
The pair has approached again to the 120.35/45 area, that capped the upside yesterday and also last week. Above here it would be trading at the strongest level since March 20.
According to the minutes, Fed officials favored a liftoff later in 2015, amid a stronger US dollar and the decline in crude oil prices. Other officials were in favor of a rake hike in June.