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Forex pairs in this Article » USD/JPY (Córdoba) - After being rejected from a high of 94.45 last Monday, USDJPY pulled back weighed by the unclear G7 statement and entered in a consolidation phase that has extended over the last days.

Nevertheless, USDJPY saw some intraday weakness and fell to a low of 93.08 before finding support and bouncing. At time of writing, the cross is trading around 93.35, where it is virtually unchanged since opening.

The yen has remained fairly steady despite Japan reported a 0.1% contraction in Q4 GDP during the Asian session and the BOJ concluded its 2-day meeting, leaving policy unchanged.
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