USD/JPY break above 103.50 after FOMC minutes

By | Updated August 20, 2014 AAA

FXStreet (Córdoba) - The USD/JPY rose above 103.40 and jumped to 103.60, reaching a fresh 4-month high after the release of the FOMC minutes. Stocks pulled back in Wall Street while US government bond yields turned higher on the FED document.

The US dollar gained momentum across the board as the minutes showed that many Fed officials said that improvements in the job markets might bring rate rise sooner.

The USD/JPY remains near the highs as Greenback hit fresh highs versus the Euro and the Swiss Franc and is also rising against commodity currencies.

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