USD/JPY rebounds at 102.20 and recovers

By FXstreet.com | Updated August 13, 2014 AAA

FXStreet (Córdoba) - The USD/JPY is approaching daily highs and trades at the strongest level since the beginning of the American session at 102.45, up 0.19% for the day.



After the release of the US retail sales numbers in the US the pair dropped and bottomed at 102.22 but then rebounded, rising back to the price it had before the report.



During the European session the USD/JPY peaked at 102.51, hitting the strongest level in a week. The US dollar continues to recover against the Yen after falling last week to 101.50.



JPY losing momentum

The Yen is falling across the board on Wednesday, and is only rising against the Pound. Commodity currencies supported by risk appetite are rising against both, the US dollar and the Yen.



You May Also Like

Related Forex Analysis
  1. Forex News

    USD/JPY up to test key 117.80 resistance

  2. Forex News

    BoJ minutes: Bank will make QE adjustments as appropriate

  3. Forex News

    Weekly Trading Forecast: Will Fed and Greek Elections Keep FX Volatility Boiling

  4. Forex News

    Bullish USD/JPY Outlook Vulnerable to Less-Hawkish Fed, Dismal US GDP

  5. Forex News

    USD/JPY is finishing a choppy week below 20DMA resistance

Trading Center