USD/JPY at 4-month highs ahead of FOMC minutes

By FXstreet.com | Updated August 20, 2014 AAA

FXStreet (Córdoba) - The USD/JPY remains near daily highs ahead of the release of the FOMC minutes. Price peaked during the European session at 103.40 and then pulled back but found support at 103.20.



Before FED’s minutes the pair trades at 103.37, 0.45% headed toward the third daily gain in a row and the strongest close since April 3.



The japanese currency is among the worst performer across the board on Wednesday as US government bond yield rise. Also the break of the USD/JPY of the 103.00 triggered a decline of the Yen in the market.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY wavers around 118, FOMC eyed

  2. Forex News

    BoJ: Low inflation puts pressure to ease further - Nomura

  3. Forex News

    Strategy Video: Fed Decision Set to Trigger Dollar, Risk Response

  4. Forex News

    USD/JPY bid caught up on SGD sell off

  5. Forex News

    USD/JPY Stuck in a Triangle

Trading Center