USD/JPY erases losses, back above 104.00

By FXstreet.com | Updated August 26, 2014 AAA

FXStreet (Córdoba) - The USD/JPY gained momentum after Wall Street opening bell; rose from 103.85 and recently printed a fresh daily high at 104.15, erasing all losses. Price holds above 104.00 and near daily highs.



The Japanese currency is falling across while the US dollar is testing daily highs versus european currencies.



USD/JPY toward strongest close since January



If the USD/JPY manages to end the day around the current levels, it would post the highest daily close since January 22. Back then, the pair was pulling back from multi-year highs reached on January 2 at 105.45.



Related Forex Analysis
  1. Japanese 10-year bond yield falls to lowest level since April 2013
    Forex News

    Japanese 10-year bond yield falls to lowest level since April 2013

  2. USD/JPY Soars Past 111 As Void Of Bearish Signals Opens Further Gains
    Forex News

    USD/JPY Soars Past 111 As Void Of Bearish Signals Opens Further Gains

  3. Nikkei rises to highest level since 2007
    Forex News

    Nikkei rises to highest level since 2007

  4. USD/JPY at 111.29, as all odds against JPY
    Forex News

    USD/JPY at 111.29, as all odds against JPY

  5. BoJ downgrades economic, infation forecasts
    Forex News

    BoJ downgrades economic, infation forecasts

Trading Center