USD/JPY rises back above 108.00

FXStreet (Córdoba) - Greenback strengthened across the board on New York and pushed USD/JPY to break above 108.00. The pair climbed to 108.13, the highest price since Asian hours.

Now the pair is back to the levels it had at the beginning of the day, moving away from 3-week lows that reached at 107.51 a few hours ago.

USD/JPY supported by rising yields

Stocks are falling in Wall Street giving some support to the yen in the market, but US government bond are now falling (yields up), pulling back from monthly highs. The US dollar is trading at daily highs across the board, approaching to levels it had before the release of the FOMC minutes.

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Draghi: Europe faces structural problems; ECB committed to act

Speaking at the Brookings Institution in Washington, European Central bank President Mario Draghi, underlined the urgent need to raise potential output in the euro area through reforms. he said European economy faces structural problems, not just cyclical as potential growth is too low out of high unemployment.

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Oct 9, 2014

GBP/USD extends decline below 1.6150, affected by Draghi

The Sterling i accelerating losses versus the US Dollar, dragged by the Euro bearishness amid Draghi's hint that ECB is "ready to alter size and/or composition of unconventional interventions as required."

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