Forex: Yen weakness persists
Forex pairs in this Article »
USD/JPY
FXstreet.com (Córdoba) - The yen weakened on Thursday and retraced weekly gains versus the dollar and the euro after renewed comments for a weaker currency by Japanese government officials.
USDJPY has climbed over 170 pips throughout the day and reached a high of 90.13 during the NY session, also supported by better-than-expected US data. The cross has pulled back slightly ever since and it currently trades around 89.90, recording a 1.5% daily gain.
Meanwhile, the shared-currency also took advantage of the yen weakness and rose toward a 6-day high of 120.55, before easing to the 120.30 area, where it is trading at time of writing, 1.9% above its opening price.
USDJPY has climbed over 170 pips throughout the day and reached a high of 90.13 during the NY session, also supported by better-than-expected US data. The cross has pulled back slightly ever since and it currently trades around 89.90, recording a 1.5% daily gain.
Meanwhile, the shared-currency also took advantage of the yen weakness and rose toward a 6-day high of 120.55, before easing to the 120.30 area, where it is trading at time of writing, 1.9% above its opening price.
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