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31 Dec 2014
USD/JPY rallies to new high sub 120.00
FXStreet (Guatemala) - USD/JPY is trading at 119.82, up 0.24% on the day, having posted a daily high at 119.95 and low at 119.25.
On a strong greenback, the USD/JPY has rallied and scored a new high for the week on a series of bids. The pair was initially offered on a series of US data that came in mixed. However, the pair eventually caught a bounce from 119.40 and broke resistance at 119.50/60, putting the Yen on the back foot and brings 120.00 back into view.
However, with European markets closed on half day, we are in thin trading until full markets return in the New Year. We will kick off with FOMC and Non Farm Payrolls in the first full week of the year, looking for positive signals and indications of timings of a first rate hike from the Fed.
On a strong greenback, the USD/JPY has rallied and scored a new high for the week on a series of bids. The pair was initially offered on a series of US data that came in mixed. However, the pair eventually caught a bounce from 119.40 and broke resistance at 119.50/60, putting the Yen on the back foot and brings 120.00 back into view.
However, with European markets closed on half day, we are in thin trading until full markets return in the New Year. We will kick off with FOMC and Non Farm Payrolls in the first full week of the year, looking for positive signals and indications of timings of a first rate hike from the Fed.