USD/JPY erases losses, back above 104.00

By FXstreet.com | 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.



comments powered by Disqus
Related Forex Analysis
  1. AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation
    Forex News

    AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation

  2. USD/JPY bulls need to take a breath before a new attack at 110.00
    Forex News

    USD/JPY bulls need to take a breath before a new attack at 110.00

  3. Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low
    Forex News

    Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low

  4. GBP/USD nervous below 1.6200, waiting for data
    Forex News

    GBP/USD nervous below 1.6200, waiting for data

  5. Dollar’s Current Bull Leg Strongest since Rally Through Crisis
    Forex News

    Dollar’s Current Bull Leg Strongest since Rally Through Crisis

Trading Center