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11 Mar 2015
USD/JPY hits fresh highs above 121.50
FXStreet (Córdoba) - USD/JPY rose further above 121.50 and printed a fresh daily high at 121.61. The pair retreated afterwards and it was hovering around 121.50, unable to make a clear rally above.
USD/JPY recovering momentum
Yesterday the US dollar lost momentum around 122.00 and pulled back sharply, dropping more than a hundred pips from the highs. During today’s Asian session USD/JPY bottomed at 120.82 and then rebounded climbing initially above 121.00; later it continued to rise.
The yen was among the best performers on Tuesday, boosted by a decline of stocks markets. Today Wall Street futures point to a positive opening while European markets, despite moving away from the highs are posting important gains.
USD/JPY recovering momentum
Yesterday the US dollar lost momentum around 122.00 and pulled back sharply, dropping more than a hundred pips from the highs. During today’s Asian session USD/JPY bottomed at 120.82 and then rebounded climbing initially above 121.00; later it continued to rise.
The yen was among the best performers on Tuesday, boosted by a decline of stocks markets. Today Wall Street futures point to a positive opening while European markets, despite moving away from the highs are posting important gains.