USD/JPY hits fresh highs above 101.80

By | Updated July 30, 2014 AAA

FXStreet (Córdoba) - The USD/JPY extended gains during the American session and climbed to 101.83, reaching the highest price since June 25. Price remains near daily highs supported by better-than-expected economic data in the US.

The ADP employment report showed that the private sector added 281.000 jobs in June, above the 200.000 analysts expected. Tomorrow will be the turn of the Non-Farm Payroll report that is likely to increase volatility in the USD/JPY.

USD/JPY continues to recover

Greenback is rising for the second day in a row against the Yen, recovering further after falling on Monday to 101.22, a 5-week low. The Japanese currency is among the worst performers on Wednesday.

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