USD/JPY drops to 120.00

FXStreet (Córdoba) - USD/JPY came under pressure amid thin trading volume and fell to a fresh 2-month low sub 120.00 as activity continues to wind down.

USD/JPY fell to a low of 119.99 but was unable to confirm a break and recovered slightly. At time of writing, the pair is trading at 120.05, 0.37% lower on the day.

USD/JPY is on track to post a 2.5% monthly low, despite December was the month when the Federal Reserve raised rates, however it will be closing 2015 just a few pips below its starting point.