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

By FXstreet.com | 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.



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY crashes below 106.50, more downside in store
    Forex News

    USD/JPY crashes below 106.50, more downside in store

  2. Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude
    Forex News

    Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude

  3. EUR/USD bulls wake up and drive pair above 1.2800
    Forex News

    EUR/USD bulls wake up and drive pair above 1.2800

  4. Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?
    Forex News

    Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?

  5. AUD/USD Range Endures With Clearer Cues From Candlesticks Desired
    Forex News

    AUD/USD Range Endures With Clearer Cues From Candlesticks Desired

Trading Center