USD/JPY testing daily highs

By FXstreet.com | September 01, 2014 AAA

FXStreet (Córdoba) - The USD/JPY found support at 104.10 and rose back toward daily highs. Earlier the pair peaked at 104.32, hitting the highest price since January 23 and currently trades around 104.30, consolidating gains.



A weak Yen pushed the pair to the upside. The Japanese currency is among the worst performer in the forex while the US dollar is trading around the same price levels it closed on Friday.



USD/JPY above 104.00



For the first time since January the USD/JPY moved above 104.00 for an entire day. The pair bottomed during the European session at 104.08 but then bounced to the upside.



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