7 Aug 2015
USD/JPY ends week far from highs
FXStreet (Córdoba) - USD/JPY dropped further during Friday’s American session and is about to end the week trading marginally above 124.00.
The pair was trading around 124.80 when the US employment report was released and rose afterwards to 125.07, reaching the strongest level in 8 weeks but quickly reversed and turned to the downside erasing most of the weekly gains. On American hours bottomed at 124.09 and then attempted to recover but it was unable to rise above 124.35.
A decline of the US dollar across the board on Friday, weakened USD/JPY, that despite the retreat is about to end with a weekly gain of 20 pips. The yen and greenback finished the week with mix results.
USD/JPY keeps the range despite NFP
Price remains around 124.00 as it has been the case during the last three weeks. Employment numbers failed to push the price away from the mentioned area.
Next week, in the US the most relevant economic reports will be retail sales and the PPI, that are not likely to impact USD/JPY considerably.
The pair was trading around 124.80 when the US employment report was released and rose afterwards to 125.07, reaching the strongest level in 8 weeks but quickly reversed and turned to the downside erasing most of the weekly gains. On American hours bottomed at 124.09 and then attempted to recover but it was unable to rise above 124.35.
A decline of the US dollar across the board on Friday, weakened USD/JPY, that despite the retreat is about to end with a weekly gain of 20 pips. The yen and greenback finished the week with mix results.
USD/JPY keeps the range despite NFP
Price remains around 124.00 as it has been the case during the last three weeks. Employment numbers failed to push the price away from the mentioned area.
Next week, in the US the most relevant economic reports will be retail sales and the PPI, that are not likely to impact USD/JPY considerably.